Tax Rates & Tax Accounting

You need “View tax groups and rates” to inspect tax settings and “Manage tax groups and rates” to change them. Agree on your company's tax treatment with your finance adviser; KariVast does not choose a jurisdiction for you.

1. 1
   Create or review the rate code, name, percentage or fixed computation and active status as exposed by the form.
2. 2
   Review the rate's effective period and where it should apply before saving.
3. 3
   Apply a rate only to supported document lines and review the resulting tax in a posting preview.
4. 4
   Preview a draft invoice or bill that uses the rate and compare it with the approved tax treatment.
5. 5
   Compare tax reports with posted document totals using the same dates and currency.

A percentage alone does not determine tax. The taxable base, date, and document context matter.

Tax rates supply document calculations and mapped postings. The rate alone does not determine legal exemption or filing eligibility.

WARNING: Changing tax configuration can affect future documents. Review posted records separately; do not assume they are recalculated.

If a tax line fails, inspect rate status, group membership and mapped account settings.

If a posted document used the wrong rate, follow its credit or correction process with Finance.