Sales Tax

Applications The various taxes are applied based on three different criteria: Location of the tank Product sold Use of the product The location of the tank is taken from the tank record itself and includes the City, County, School Distri...

For each tax group, rates for that group can be defined and it can be determined when they apply. The definition is done in two levels – the geographic territory that this tax applies and the rates in this region for any product and use combi...

Start with the most generic rule and then specify the exceptions. If the group is Sales Tax, for example, create one tax record for each state served (and where sales tax is charged) and specify the rate for that tax (skipping the Product and Us...

Compound Taxes are also known as tax on tax. Under normal circumstances, the tax will be applied on the total sale amount. In the event that a specific tax applies on the sales amount after applying other taxes, the system gives the ability to defi...

Tax Exemptions can be defined at two different levels. Product Level At the department (Product) level, define if a specific department is exempt from sales tax or fuel tax. In that case, the system will not apply taxes defined as sales or fuel ...

When the tax engine is requested to apply tax on a specific transaction, the following actions are performed: The system scans the Tax Groups. For each group, the system scans the geographical definitions and compares them to the location of the ...