A Master data manager can set VAT or GST rates in Master data.
| • | Select VAT/GST rate from the list of Master data tables under the Trade tab of the Configuration tile, which is under the Settings tab of the Home screen. |
| • | Select the Add new record button. This opens an Edit box for the new record. |
A VAT/GST Rate record needs four values:
Country |
This is the country associated with the VAT Rate. |
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Rate Type (mandatory) |
There are four available:
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Rate % |
This is the actual VAT % to be applied according to the Rate type. |
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Valid from |
This is the date from which the VAT rate should be used. |
After filling in the information, select the Add button to save the record. Select Cancel to abandon any changes and return to the VAT Rate list.