Tax Rate Types in the SuiteTax Engine
The SuiteTax Engine uses Tax rate types to classify tax codes depending on their rates and use:
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Standard – typical purchase or sales transactions.
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Reduced (including special and super-reduced rates) – transactions with special conditions.
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Zero – indicates a tax rate of zero.
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Exempt – indicates that the transaction is not liable to tax.
The SuiteTax Engine automatically selects tax rate types during provisioning of the tax codes. For tax codes outside of provisioning, you must manually define the tax rate type.