Creating Tax Rate by Search Definitions (T)
In some countries, not all states or regions share the same rate of taxes for goods and services. For example, the ICMS tax rate for alcoholic beverages in Rio de Janeiro is 20%, while in Sao Paulo, the rate is 25%. When goods are transferred from one state to another, different tax rates will be applied by the producer state and consumer state.
You can use the Search Definitions for Tax Rate to define the appropriate tax rates based on Tax Types, Origin of transaction (Input/Output), and rates for Insterstate transactions.