Adding a New Tax Rate

Add your Sales, Excise taxes, VAT, or other taxes on Akaunting and track them with the tax summary report.

You can add a tax while creating an Invoice. Read the details here.

Adding a New Tax Rate:

• Go to Settings on the Sidebar.

• Select Taxes from the expanded Navigation Menu.
• Click New tax.
• Enter the following details:
  • Name of tax
  • Rate (%)
  • Type: Choose from Compound, Fixed, Inclusive, Normal, or Withholding.
• Then, Save.