7.8.8 Tax Details

This topic provides information on the tax details section. It enables users to view, and manage tax‑related information such as applicable rates, amounts, and exemptions within the request.

When user click Calculate Tax on the Decision tab, the lease sales and usage tax are calculated based on tax rules defined in setup screen. If there is any exemption for tax on the current application, the same can be defined here so that the lease tax is not levied when the application is funded.

Note:

Tax exemption is allowed only, if the exemption option is selected both here and in Setup screen (Setup, click Administration under Administration, click System under System, click Sales Tax screen).

For information on defining lease tax exemption in this tab, refer to Exempt Sales Tax in Decision/Contract tab section in Appendix chapter.