Tax Code Fields
You can use tax code records to create a record of value added tax levied when buying and selling goods or services. Your administrator can set up tax codes on the Codes tab. Here is a description of the fields on the Tax object.
Key: * – Mandatory field.
Tax Split Fields
The Tax Split object contains the breakdown for a tax code when it is split across more than one tax jurisdiction.
Key: * – Mandatory field.
Field Name | Description | |
---|---|---|
Tax Code | Tax Code to which this Tax Split belongs. | |
Description | Name of the tax jurisdiction to which this Tax Split belongs. | |
Tax Rate | Tax Rate for this Tax Split. The sum of all tax splits for a Tax Code must equal the Tax Rate on that Tax Code. |