How to build a multi tax rate tax code
If you need multiple tax rates with special parameters, this is how to do it. Step by step.
In some tax jurisdictions, more than one rate needs to be applied to an invoice. BaseBuilders enables you to build advanced tax codes. These tax codes can include multiple tax rates. When they are applied to an invoice, each associated tax rate is calculated and included in your invoice summary.
You can even place limits on different rates. In some Canadian provinces, the PST only applies to 30 percent of design fee billings. Our system handles this seamlessly.
Each line item on an invoice can also have its tax code customized. Some may be Exempt, some may be GST only, while others get both GST & PST @ 30%.