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November 23, 2019
Question

Can I track sales tax for different countries? I collect and remit tax for Canada and for the UK. Can this be tracked via the tax module?

  • November 23, 2019
  • 1 reply
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1 reply

Rajanikanth
November 24, 2019

Hi, randrblb

Note: You speak to an accountant in Canada regarding the foreign branch accounts and taxes, branch accounts can be maintained at head office. 

Move to Tax centre > click Manage Sales Tax > Add tax > from the right drawer Custom section click Add > fill the details for example Tax name - UK VAT ,Tax Agency - HM Revenue & Customs, Rates etc  > hit Add. 

Add new rates for example zero rate, exempt, reduced rate from Tax agencies tab > UK VAT> Add rate.

Now you can select VAT rates you entered for your foreign branch transactions, also note reports and returns are in home currency and use Location OR Classes to maintain branch accounts.

 

Comment back for further clarifications.