Step 3. Defining values for tax rates

Define values for tax rates to specify the tax rate percentage and the dates on which the tax period begins and ends.

To define values for tax rates:

  1. Select Materials > Setup > Tax Rates.
  2. Select the tax rate for which to define values and then click the Values tab.
  3. Click Add Value.
  4. Specify this information:
    Start Date
    Specify the tax rate’s effective date.
    End Date
    Specify the tax rate’s expiration date.
    Percentage
    Specify the tax percentage.
  5. Click Submit.
    Note: To delete a value, select the value to delete, and then click Delete Value.
Parent topic: Defining tax codes