How to Create a New Tax Code and update Grids if necessary

Create a Tax Code

All the Tax Codes are available in Odoo. If you need to create a custom Tax Code, You can follow the below steps.

1. Go to Accounting > Configuration > Taxes.

2.  Click on NEW. 

3. Fill in the relevant fields.

• Tax Name - Name of the Tax
• Tax Computation - Group of taxes/ Fixed Tax/ Percentage of price /  Percentage of price tax included
• Active - You can activate or deactivate the tax.
  
• Tax Type - Define whether it is a sales tax or purchase tax
• Tax Scope - You can keep this blank. This is to define whether the tax is for services or Goods.
• Amount - If the Tax Computation is Percentage of Price /  Percentage of price tax included , define the percentage. If the tax computation is Fixed, define the fixed amount.
  
  

Definition Tab

• Account -  Select the related GST account for the Tax
• Tax Grids -Define the relevant Tax Grid in your tax report
  
  

Advanced Options

• Label on Invoice - Type the tax name you want to see on the Invoice
• Tax group -  Select to which Tax Group the tax belongs. The Tax Group name is the label displayed above the Total line on exported invoices, and the Customer Portals.
• Included in Analytic cost -  With this option activated, the tax’s amount is assigned to the same Analytic Account as the invoice line.
• Included in Price -  With this option activated, the total (including the tax) equals the Sales Price
• Affect Base of Subsequent Taxes -  With this option, the total tax-included becomes the taxable basis for the other taxes applied to the same product
• Base Affected by Previous Taxes -  If set taxes with lower sequence might affect this one, provided they try to do it.
  

4. Once you're done, click on Manual Save button.

You can also duplicate a tax code and customize it.

• Go to Accounting > Configuration > Taxes.
• Click on a similar tax code > Action > Duplicate

• Update Details > Click Manual Save Button