How to Add Tax?
Step 1: To add a new tax, go to ‘Settings’ menu and select ‘Tax Types’.
Step 2: Click the ‘Add Tax’ button at the top right side of the webpage.
Enter the name of the tax in the ‘Name’ field.
Enter the code for the tax in the ‘Code’ field.
Step 3: If the tax your are creating has a compound tax, click the ‘Has Compound Tax’ checkbox.
Step 4: Enter the name for the compound tax and the percentage.
Step 5: Click the ‘Set As Default Sales Tax’ or ‘Set As Default Purchase Tax’ to set the newly created tax as sales order tax or purchase order tax, respectively.
Step 6: If the tax has more split ups, specify them in the ‘Tax Lines’ section. You can add more than one tax lines by clicking the ‘Add Another’ button.
Step 7: Once done, click ‘Save’ button.