Add New Taxes
Taxation information is one of the pillars that holds the foundations of all your financial transactions. As per your country’s taxation laws, you will have a freedom to fill it so that you can regularize the tax practices of your country in your payments or spend. Follow the below steps to configure the taxation structure:
- Go to Administration> Taxes.
- Click on the “Add New Tax”.
- Fill out the details about the taxation percentage, code and name. Hit the Submit button once done.
Tax Groups
TERA Platform provides you with the feature to group certain taxations which will help you align your taxes with the government regulations. Follow the below steps to add tax group:
- Go to Administration> Taxes.
- Now click the Tax Groups tab.
- Now click the “New Tax Group” button.
- Fill out the details there to complete the grouping. It will also show you the total tax of the group. Hit the submit button to confirm.
