In SImpanKira, we have created a few common tax rates that are applicable to your business. These tax rates are automatically mapped to the Sales and Service tax account in Liabilities accordingly.
SimpanKira default tax rate are as follow;
- Service Tax 6%
- Sales Tax 5%
- Sales Tax 10%
- Service Tax Exempt 0%
- Sales Tax Exempt 0%
Adding new tax rate is very easy.
- Go to Tax Rate by clicking on Tax Rate in Setting menu.
- Click Add New Tax Rate.
- Enter all the new tax rate information.
- Make sure to assign the transaction type (Supply or Purchase) that is applicable to this new tax rate.
- Assign the tax rate to the right Account. If you are not so sure about this, please get your accountant to do this for you.
- Click Save.