Tax Types

Tax Types maintain the tax classifications required for transaction processing and BIR reporting. The existing tax types are pre-defined based on current BIR requirements.

💡 Take note: New tax types should only be created if additional tax classifications are mandated by BIR in the future.

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How to Create a New TAX Type:

1. Go to Master Data Files
2. Click Accounting Parameters
3. Click TAX Types
4. Click Create New (F1)
5. Enter the details of the TAX Type.
6. Click Add Detail

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How to Update the TAX type:

1. Go to Master Data Files.
2. Click Accounting Parameters
3. Click TAX Types
4. Select a tax type and click the blue font text or TAX Type Code.
5. Enter the new details of the Tax Type.
6. Click Update Detail

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How to Inactive the TAX Type:

1. Go to Master Data Files
2. Click Accounting Parameters
3. Click TAX Types
4. Click the yellow cycle icon or Inactive

o Click the green cycle icon or Active to activate the item.

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