Use this window to define the tax codes and rates that are relevant for each tax category.
Define the code and name for the tax type. |
Define the tax rate in percents with decimals, for example, 10,5 %. |
Choose G/L accounts to be used in A/R and A/P journal transaction postings. |
Define the non-deductible percent of the tax code. This percentage is the portion of tax that the company cannot deduct. |
Choose the G/L account to be used in journal entries created by documents that involve non-deductible tax values. This field is activated only if the non-deductible percentage is higher than 0%. |
Choose a G/L account to be used as a default account in transactions involving deferred tax. |