Assigning Tax Rates to Tax Codes

After your tax codes are defined, you must assign tax rates to your tax codes. Tax rates indicate the percentage rate imposed by tax authorities which will be applied to taxable transactions. Once the tax rates are assigned to the codes, it can calculate your taxes automatically. You can change the tax rates at any time. The following procedure describes how to assign the tax rates.

Your tax codes must be defined before you can assign tax rates to them.

To assign tax rates to tax codes