Setting up sales taxes

1.

Click Setup.

2.

Expand Financial.

3.

Click Sales Taxes.

4.

Click New.

5.

Set up the sales tax. SHOW MORE INFO

For example:

• Description

• Code

• Sales Tax Rate (%)

• Fixed Amount

Field	Description
Description	The name for the sales tax, e.g., Value Added Tax, Goods and Services Tax.
Code	A unique code for the sales tax, e.g., VAT, GST.
Minimum taxable amount	If applicable, enter a threshold amount above which the sales tax is charged. For example, if your store charges a luxury tax on items above a certain value, enter the value in this field.
Maximum taxable amount	If applicable, enter a threshold amount above which the sales tax is no longer charged.
Sales Tax Rate (%)	If the sales tax amount is calculated as a percentage of the item's price, enter the percentage.
Fixed Amount	If the sales tax amount is calculated as a fixed amount regardless of the item's price, enter the amount.
Only apply tax to portion over minimum taxable amount	Select this option if you entered an amount in the Minimum taxable amount field. For example, if you entered $1,000 in the Minimum taxable amount field and the item's price is $1,250, the sales tax amount is only calculated on the $250.
Include any previous sales taxes in calculation	Select this option if the sales tax amount is calculated based on the item price and taxes from previous sales tax codes.
Use partial dollar method in sales taxes calculation	Select this option if the sales tax amount is calculated using the partial dollar tax method. Check local and state laws to determine if this applies to your store. Use the partial dollar tax table below to define the breaks in the dollar (brackets) where the tax amounts are charged.

6.

On the Store Groups tab, select the store groups that use the sales tax.

7.

Click Save And Close.