(SGP) Set up tax codes for GST reporting

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Important

This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

Use the Sales tax codes form to set up tax codes for items that are taxed using the standard goods and services tax percentage. You can also use this form to set up tax codes for exempt items that are not subject to tax and items that have special trade-zone status for which the tax rate is 0 percent. For more information, see Create various kinds of sales tax codes.

  1. Click General ledger > Setup > Sales tax > Sales tax codes.

  2. Press CTRL+N to create a new tax code.

  3. In the Sales tax code field, enter a code, such as GST, and then enter other information about the sales tax code.

  4. Click the Calculation FastTab.

  5. In the VAT type field, select the type of tax to calculate, based on the type of item to which the tax is applied.

  6. Click Values to open the Values form. Enter the dates for which the tax code is in effect.

  7. In the Value field, enter one of the following values:

    • For standard items, enter the current tax percentage. For example, if the tax percentage is 5 percent, enter 5.00.

    • For exempt items, do not enter a value.

    • For zero-rated items, enter 0.00.

  8. Repeat steps 2 through 7 to set up additional tax codes.

  9. Close the form to save your changes.

See also

(SGP) Set up tax groups for GST reporting

(SGP) Calculate a sales tax payment and print the GST F5 report