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Setup Tax Code in Dynamics GP

There are 2 screens involve when creating new Tax Code in GP, which are Tax Details Maintenance and Tax Schedules Maintenance. 

1.  Create new Tax Code
Path: MSDGP > Tools > Setup > Company > Tax Details

      i.   Enter the new Tax Code in [Tax Detail ID].
     ii.   Enter the tax code description in [Description].
     iii.  Select the Type of the tax, whether to be used in Sales or Purchases calculation.
     iv.  Enter the Tax ID Number as per [Tax Detail ID]. (Normally same as Tax Code)
     v.  Select "Percent of Sale/Purchase" if the tax calculation method is exclusive method; Select "Tax Included in Item Price" if the tax calculation method is inclusive method.
     vi.  Enter the percentage of the tax calculation in [Percentage].
     vii.  Select "To the Nearest Currency Decimal Digit" in [Round]. Select other than this option will cause system to calculate rounding differently.
     viii.  Select [Save] to save the setting.



2. Create New Tax Schedule
Path: MSDGP > Tools > Setup > Company > Tax Schedule

     i.  Enter the newly create Tax ID info into [Tax Schedule ID] and [Description].
     ii.  Select [Save] to save the setting.
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Location: Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia

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