All over the world, the countries levy taxes on goods and services for the purpose of increasing the revenue of the country. This taxable amount will be used by the governments for many beneficial activities like infrastructure improvement, health services, public security etc. So it’s the responsibility of the civilians to pay direct and indirect sales tax rates for the goods and services.
Apptivo Invoices App has the most predominant configuration of taxation for the goods and services sold. Being the best invoice software, it will allow you to set single and multi-rate taxes based upon your needs. For your convenience, we have shown how to create tax code and configure tax code settings with a list of countries for better understanding. This ensures that your tax invoice templates meet the standard tax invoice requirements.
Taxation for countries differs from one another. It may be a single or multi taxes levied over goods and services. Apptivo has covered it all. With Apptivo you can set the tax code for invoices which you provide to your customers.
This blog will guide users through the setting of various country wise tax codes.
Country Wise – Apptivo’s Tax Invoice code Setup
Note: Invoice Tax code calculations are done on the basis of tax rates and tax type followed by each country separately, do not generalize it.