Tax Discount Percent

Note: You are only prompted for this field when the Prompt for Tax Discount field on the Tax Parameters form has been selected.

Enter the factor by which tax can be discounted for billing purposes. The default value is 0.000%. When you specify this billing term on the order or A/R invoice, the tax amount is multiplied by (1 - Tax Disc %) / 100 to reduce it when tax is calculated for invoicing. Whether or not you pay early and take the discount on the open item, the tax amount is not further adjusted; it is fixed when the invoice is posted.