Adding or modifying a tax bracket

You can use tax tables to record the relationship and gap between the nominal tax rates and the actual tax rates paid by the customer. A tax bracket is the range of amounts subject to a specific tax rate. You can create several tax brackets within a tax table.

 

    1. Go to Administration > Financial Settings > Tax Tables.

    2. Click Brackets for the tax table that you want to modify.

    3. Choose one of the following:

    4. Enter the beginning amount for the tax brackets range in the From Amount box.

    5. Enter the ending amount for the tax brackets range in the To Amount box.

    6. Enter the amount for tax in the Tax box.

    7. Click Save.

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Adding or modifying tax tables