Fields and controls
Last Maintained
Displays the date that the record was most recently changed.
This field is updated with the session date automatically when you add a new tax authority, tax group, or tax rate, and when you change an existing record.
Tax Authority
Specify the code for a tax authority.
If a description for the specified tax authority exists, it is displayed in the Tax Authority Description field.
Transaction Type
Select a transaction type: Sales or Purchases.
Overview
You use the Tax Rates screen to enter tax rates for purchases and sales for each tax authority in Sage 300, and to edit tax rates if they change.
Sage 300 subledgers use these tax rates to calculate taxes on items you buy and sell.
For each tax authority in your system, Tax Services creates tax tables for:
- The customer classes and item classes that you defined for sales.
- The vendor classes and item classes that you defined for purchases.