Define Deferred Tax Rules and Rates

The Online VAT reporting feature to report transactions requires payments for transactions with deferred tax rates. Define your tax rules and rates for deferred tax to ensure that you meet the tax requirements.

Prerequisites

To define ES VAT STANDARD DEF RATE in the application:

1. Navigate to the Manage Tax Rules page.

2. Enter the values as displayed in the following table:

   Field	Value
   Determine Tax Rate Rules	ES VAT STANDARD DEF TAX RATE
   Rule Code	ES VAT STANDARD DEF RATE

3. In the Tax Condition Set tab, enter Tax Conditions ES STD DEF RATE for ES VAT STANDARD DEF TAX RATE.

To set up ES VAT STANDARD DEF RATE:

1. From the Setup and Maintenance work area, search for the Manage Tax Rates and Tax Recovery Rates page.

2. Click the Tax Condition Set tab, and enter data in the following fields:

   • Tax Determining Factor Class

   • Tax Determining Factor Name

   • Operator

   • Value for From Range

3. Click Submit.