1. Tax User Guide
  2. Building Tax Components
  3. Steps Involved in Processing Tax

1.1 Steps Involved in Processing Tax

Depending on the laws in your country, you can define tax as an expense type of tax. The following steps are involved in processing tax:

  1. Defining tax rules
  2. Defining tax schemes
  3. Associating a product with a tax scheme

Parent topic: Building Tax Components