1. Accounting
  2. Taxation
  3. SuiteTax
  4. SuiteTax Engine
  5. Setting Up the SuiteTax Engine for VAT Countries
  6. Setting Up Tax Rate Types

Setting Up Tax Rate Types

The SuiteTax Engine automatically provisions tax rate types. For tax codes you create outside of automatic provisioning, the tax rate type must be set during tax code creation.

For more information on SuiteTax Engine tax records automated provisioning, see Automatic Tax Record Provisioning for VAT Countries.

For more information on tax rate types, see Tax Rate Types in the SuiteTax Engine.

To set tax the rate type while creating a tax code:

  1. Go to Setup > Tax> Tax Codes > New.

  2. In the Name field, enter a name.

  3. In the Description field, enter a description.

  4. In the Tax Type field, select a tax type from the list. You can create a new tax type at Setup > Tax > Tax Types > New . For more information, see Tax Rate Types in the SuiteTax Engine.

  5. In the Payables Account and Receivables Account fields, the values are populated based on the defined accounts for the selected tax type.

  6. In the Available On field, select a type of transaction from the list. See Tax Transaction Types in the SuiteTax Engine for details.

  7. In the Tax Rate Type field, select a tax rate type from the list.

  8. Click Save.

General Notices