Tax Code Fields

Tax Code

The tax code. Enter the tax code in alphanumeric text without symbols or space.

Description

Description of the tax Code. Max. 100 character limit on this field

Tax Rate (%)

The tax rate as a percentage.

Status

The status (Active or Inactive) of the tax code. This field is based on the Effective Date.

Effective Date

Select the start date.

Tax Calculated Against

Select if the tax rate applies to gross invoice amount (pre-retention) or net invoice amount (after-retention). Select from Net or Gross.

Code Type

Allows tax codes to be grouped during the invoice assessment process. Choose from Standard and Self-Billing.