As an Admin, you can set up tax rates in Rydoo. The tax rates can be linked to specific categories and/or countries.
There are two ways to create or update tax rates:
- Create or update tax rates manually
- Import or update tax rates in bulk
This article explains how to create or update tax rates manually.
1. Go to Admin settings.
2. Go to Tax rates page.
3. Click + Add tax rate and select + Create tax rate from the drop-down menu.
4. Fill in the required information and save.
|Name||Name the tax rate. This will be visible for users when creating expenses (unless you disabled this as an Admin).|
|Country||Select the country the rate applies to.|
|Total tax rate||Fill in the percentage (%) value of the tax rate.|
|Code (optional)||Fill in the tax code (optional).|
|+ Add subrates (optional)||Add a sub rate (optional).|
|Branch||Select the branch the rate applies to.|
|Make tax rate default for following categories (optional)||Select the categories you want to set the tax rate as default for. (optional)|
|Activate tax rate||Toggle on or off to activate or deactivate the tax rate.|
You can no longer create a sub rate when the main tax rate has been used in an expense.
A tax rate can only be associated with one branch and country.
It is possible to add a separate rate for “All countries” by adding a rate and not limiting it to a Country. We will then apply the rate for each country that does not have a specific rate for the category.