Assigning tax rates to tax codes

When your tax codes are set up in the Tax solution, you must assign tax rates to the codes. You can always change tax rates in the future.

  1. Select Financials > Payables > Tax Setup > Tax Codes.
    Or select Financials > Receivables > Tax Setup > Tax Codes.
  2. On the Tax Rates tab, click Create.
  3. Specify this information:
    Product Tax Category
    Specify the product tax category.
    Effective Date
    Select an effective date for the tax rate.
    Rate
    Specify a percentage for the tax rate.
    Secondary Rate
    Use the this field to split your tax rate between two tax authorities.
  4. Click Save.