> Defining Tax Rate Codes and Tax Rate Values

Build a second level of tax rate codes on the Tax rate codes form (SNTAXH). Complete the Tax rate types form (SNTXTP) prior to entering information on the Tax rate codes form. Define tax rate codes and their calendar-based rates.

Follow these steps to define tax rate codes and tax rate values.

1. Open the Tax rate codes form (SNTAXH).

2. Code—Enter a unique code identifying the tax rate.

3. Description—Enter a description of the tax rate.

4. Type—Click to select the type of tax rate.

5. Inventory calculation—Select to include tax in inventory calculations.

6. Choose File | Save from the menu bar. Datastream 7i saves the information to the database.

On the Tax rate values page, define the percentage rate and the dates when the tax period begins and ends.

7. Click the Tax rate values tab. Datastream 7i displays the Tax rate values page.

8. Start date—Enter the tax rate’s effective date.

9. End date—Enter the tax rate’s expiration date.

10. Percentage—Enter the tax percentage.

11. Choose File | Save from the menu bar. Datastream 7i saves the information to the database.