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    How can I edit tax names and values?

    2273 5 Created on 2016-10-11 20:36:27; Last updated on 2023-09-29 11:02:07

    Tradeshift is a fully configurable platform. All fields, including taxes, differ from country to country and change from time to time. Therefore, it is up to the user to create, edit and delete the tax names and values as they see fit.

    To edit the tax name and amount please take the following steps:

    1. Create a new invoice
    2. Click inside the Tax field, highlighted below:


    3. On the Select tax screen, choose from one of the taxes listed, which will populate the Tax field on your invoice. If the tax does not exist, go to Step 6. 

    4. To edit a tax, click Edit next to Taxes (User-Defined). Click the pencil icon next to the tax rate you wish to edit. 

    5. You have the option to edit the country, tax type, tax rate, percentage and description. When finished, click Done. 
    6. To create a new tax, click Add new tax on the Select tax screen, under the list of user-defined taxes, if any. You will get the below screen, which allows you to enter the country for which this tax is applicable or choose an or choose an existing tax on which to base the new one. 
    7. If none of the above options are suitable, click Add new tax.

    8. Fill in the details for country, tax type, tax rate, percentage and description. 



    9. Tradeshift also supports withholding taxes. A withholding tax is an income tax which must be paid to the government by the payer (e.g. the payer of an invoice) rather than by the recipient. To add a withholding tax to an invoice, click on the Tax type field within the Add tax manually panel, shown above. 





    10. The Select tax type side panel opens. At the bottom of the panel, select WHT - Withholding tax.

    11. The panel closes, and the Add tax manually side panel (picture 4) is displayed again. Fill out all required fields, and click Save tax at the bottom.


    The taxes you created can now be selected from the Select tax screen. 

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