Tax Rates

Before you start

This article provides an overview of managing Tax Rates within Paperwork. Tax Rates allow you to define different rates for taxation purposes.

Completely optional

Tax Rates is a purely optional area of Paperwork. It comes down to individual organisations' business logic whether or not it is used.

Understanding Tax Rates

Tax Rates in Dsposal's Paperwork include the following information:

• Tax Rate Name: The name or identifier for the tax rate.
• Tax Rate Description: A brief description explaining the purpose or details of the tax rate.
• Tax Rate: The decimal number representing the percentage of the tax rate (e.g., 20.0 for 20%).

Adding a Tax Rate

1. Click on the "Add Tax Rate" button.
2. Enter the required information in the provided fields:
3. Tax Rate Name: Provide a name or identifier for the tax rate.
4. Tax Rate Description: Optionally, add a description for the tax rate.
5. Tax Rate: Enter the decimal number representing the percentage (e.g., 20.0 for 20%).
6. Click "Submit" to save the new tax rate.

Managing Tax Rates

Organisations can manage Tax Rates by:

• Adding new tax rates: Define new tax rates applicable to different scenarios.
• Editing existing tax rates: Modify information such as name, description, or percentage.
• Archiving tax rates: Mark tax rates that are no longer in use or relevant.

Uses

Tax Rates are used in various areas of Paperwork for accurate taxation calculations and reporting.