Tax Levels

Tax Level records identify the hierarchy of different tax levels (such as city, state, federal, and so on) The system applies taxes in the sequence defined on the level record, which is important if you are using cascading taxes.
Required?
No. The system comes pre-loaded with standard tax levels. You only need to create new records if you use custom tax levels.

Fields

Tax Level/Description
The code and description used to identify this tax level.
Level No.
The sequence in which this tax should be applied in relationship to other tax levels (when applicable).