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How do I add a VAT rate?

To add a new VAT rate, navigate to "Settings - All Settings - Accounting - VAT rates - Add tax rate".

 

This is where you set up your tax rate. First, activate the tax rate, then enter a description and a code for the rate. Next, select the appropriate type of tax.

 

Now specify the tax rate - by entering "8" for 8%, for example - and then assign the tax rate to the appropriate number on the VAT statement form. Without this number, the tax which is booked at this rate will not be shown on the statement.

 

Now click "Save" and your new VAT rate will be available for use.

If you have any questions about which tax rates should be used or the codes, please contact your accountant. The bexio support team is not permitted to answer questions about tax. Thank you for your understanding.

 

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