FAQs in this section
Can a charge contain a compound tax?
Yes, while creating any Inventory record, if the Charge contains a compound tax, but the simple tax within the compound tax is disabled, then that compound tax will behave like a simple tax for the Charge.
For example, Import Charge has a compound tax say Freight Tax (2%), that has simple taxes - VAT (1.5%) and Sales (1%). If both the simple taxes are disabled while creating any inventory records, then the Freight Tax (2%) will behave like a simple tax.
To learn more about Tax Management, click here.
For example, Import Charge has a compound tax say Freight Tax (2%), that has simple taxes - VAT (1.5%) and Sales (1%). If both the simple taxes are disabled while creating any inventory records, then the Freight Tax (2%) will behave like a simple tax.
To learn more about Tax Management, click here.