How do I create and apply new Tax Rate?

This article will show you how to create a new tax/VAT/GST bracket and apply it to services and/or products.

Creating a New Tax Rate

Go to Manager > BusinessTax Rates.

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If you are using an older version of Phorest, you will find this under Manager > Settings > Financials > Tax Brackets.

Select either Service or Product, depending on which type of tax you wish to create.

Click +Add to begin creating your new tax rate, enter the tax name and rate, and then click Save Changes to finish.

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The new Tax rate has been created, and you can apply it to your services/products.

Applying a new tax rate to a service/product will not change the tax rate for previous sales that have already happened. It will only be applied to new sales after the tax rate has been applied.


Applying a Service Tax Rate

Go to Manager Services > Search for and click on the name of the service > Advanced, then apply the new tax rate and click Save.

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Applying a Product Tax Rate

Go to Manager Inventory/Stock > Click a product to edit it > Use the Tax dropdown menu under Inventory and Pricing to select your new tax rate > Click Save changes to finish.


Bulk Applying a Tax Rate

If you need to bulk apply this new tax rate, check out this guide to find out how.

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