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All about Bookkeeping
June 20, 2019
Question

What is the difference between tax-exempt and zero-rated

  • June 20, 2019
  • 1 reply
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Canadian company is paying US vendors - no tax.  Which tax code should be selected, exempt or zero rated?  Or other?

1 reply

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Anonymous
June 20, 2019
Generally a Canadian company can use 'zero rated' as the GST code for all its foreign sales and purchases. But if there are foreign sales taxes you need to track then yo will need to create additional tax codes for foreign tax
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