Tax Editor |
The Tax Editor in the Portal allows the Company to set up different Tax Systems for each State (or Province) that the Company has venues in. This topic will discuss the two tabs of the State Code and Tax Level Maintenance screen. To open the State Code and Tax Level Maintenance screen, click on Menus and Sites, followed by Company and Tax Editor. Note that you can also navigate to the Tax Editor screen by pressing the Create Tax Levels button in the Company Maintenance screen.
The Information tab of the State Code and Tax Level Maintenance screen displays general information regarding the States that the Company uses. You can select a State to display from the State drop-down list. The State Name can be edited in the provided field. There is also a field for the State's abbreviation, State Short Name. A drop-down list is available for the Country that the State is in.
A new State can be added to the Portal by pressing the New button and editing the fields listed. Press the Delete button to remove the currently selected State. The Save button is used to save changes to a State to the Portal and the Reset button reverts the changes to the last save.
For each State, a tax system can be created in the Portal. The selected State in the State drop-down list will load its tax system for editing when the Taxes tab is selected. Up to ten different tax level percentages can be set for the State and a percentage can be set for Service Tax. The Service Tax can be set to inclusive, meaning that all prices of items in the Portal will be inclusive of the Service Tax for Venues in the selected State.
In this topic we have discussed the setup of States and tax systems in the State Code and Tax Level Maintenance screen which is accessed by selecting the Tax Editor link from the Company section of the Site Menu. This screen allows for internationalisation of the Portal, allowing multinational Companies the ability to work with different tax systems according to the regions that they operate in.