Assigning tax rates to tax codes

After your tax codes are set up in the Tax application, you must assign tax rates to the codes. You can change tax rates in the future. This procedure gives instructions for assigning tax rates to tax codes.

Before you can assign tax rates, your tax codes must be defined.

Assign tax rates to tax codes

  1. Access Tax Rate (TX03.1).
    Note: Use the Secondary Rate field to split your tax rate between two tax authorities.
  2. Select the Add form action and the Add line action to add a tax rate and the date it becomes effective.

Related Reports and Inquiries

To Use
List the tax rates and descriptions, product tax categories, effective dates, rates, and secondary tax rates Tax Rate Listing (TX203)
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