Regional Tax Scheme displays the taxes applicable on sales, for each region in which your organization has stores.
To access Regional Tax Scheme settings:
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Click on on the quick links Located at the top right corner of a page, it contains icons that allow you to quickly access important pages. bar from any page.
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In the Settings window:
Settings associated to a page automatically show in the List box. If the setting that you want to access is in the List box, you can skip step a.
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Select Financial from the Filter drop-down list.
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Click on Regional Tax Scheme from the List box in the left pane.
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The following information is displayed in the settings page for the Region selected using the filter Drop-down boxes that let you select from the options available. at the top of the page:
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#: The serial number of the tax scheme.
Click on [+], where available, to expand the rows and see taxes that were in effect for earlier periods.
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Description: The name of the tax scheme.
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Rate %: The tax rate.
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Type: The type of tax.
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Calc Method: The method used to calculate tax on the Monthly Sales* report, Royalty Report* and Weekly Royalty* report.
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Remitted: Indicates whether the tax should be remitted to the government or not.
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Effective:
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From: The date on which the tax scheme became effective.
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To: The date until which the tax scheme was effective.
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*optional section or field that may or may not be visible depending on the settings selected, whether the supplier is integrated or not, etc.