Each country has it's its specific charges related to taxes, service charges, and local city taxes. These taxes can be sales-related or purchase related. They can be an amount or a percentage.
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- Tax Description: e.g. "VAT", SST", GST", "EWT", LT"
- Invoice Indicator: The code that represents the tax, this tax code is dictated by the local tax authorities. See the example below
| Output Tax Code | Input Tax Code | ||||
| Tax Code | Description | Rate (%) | Tax Code | Description | Rate (%) |
|---|---|---|---|---|---|
| SR | Standard Rate | 6 | TX | Standard Rate | 6 |
| ZRL | Zero Rate -Local | 0 | IM | Import - goods | 6 |
| ZRE | Zero Rate - Export | 0 | IS | Import- Special Scheme | 0 |
| ES43 | Incidental Exempt | 0 | BL | Purchase 0 Block | 6 |
| DS | Deemed Supplies | 6 | NR | Non Gst Supplier | 0 |
| OS | Out of Scope | 0 | ZP | Zero Rate | 0 |
| AJS | Adjustment | 6 | AJP | Adjustment | 6 |
- Description On Invoice: The text entered in this field will appear on the Tax invoice.
- Calculation: Select if the type of tax you are adding is based on percentage or amount. An amount cannot be per pax and per room.
- Guest tax: This is only relevant for taxes like the tourism tax which is per room and heritage tax. This is an additional tax imposed by the government on top of the output tax. Select if the guest tax is by room or pax and if it's by night or by Stay.
- Sales or Purchase: Select if it's a sales tax or a purchase tax.
- Service Type: Select if it's a Vat, Service charge, local tax, or withholding tax.
- Ledger/Group/Account: The taxes need to be linked to the chart of account. For this purpose, you select the Account Ledger/group and account.
- Click submit when done.
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