Every product must have a tax or VAT (Value Added Tax) rate assigned. If you are not using tax rates, add a default tax rate with default value of 0%.
Tax or VAT rates are set according to your country laws. If you are not informed about tax rates in your country, we strongly advise you to consult your accountant.
To access tax rates, open management and select tax rates from the left menu.
Add new tax rate
To add new VAT rate, click on "New tax rate" button located in top-left corner. Taxrate screen will appear with the following fields:
Tax name. if you are not using tax rates, enter any value, e.g. "No Tax"
If you are using tax codes, enter tax rate code. Codes vary by country (e.g. A, B, C, D), so we strongly advise you to consult your accounting if you are unsure of tax codes used in your country.
Enter tax rate percentage value. If you are not using tax rates, leave default value of 0%
When you are done entering tax rate properties, click "Save" button.
Edit tax rate
To edit existing tax rate, select the one you wish to modify and click "Edit" button.
Delete tax rate
To delete a tax rate, select the one you wish to delete and click "Delete" button.