The VAT rate varies based on the nations and states. Hence, FigsFlow accommodates all of the issues and allows for the selection of various tax rates at the time of proposal generation.
Adding VAT #
To add a new VAT rate, go to the Value Added Tax category and click ‘Add Tax’ button.
On the new pop-up, enter the Tax Name and the Rate in numbers.
To make the tax rate a default tax rate, tick ‘Make Default’ option.
Next, click ‘Save’ button to save the change.
The new tax rate is now visible on the Value Added Tax dashboard.
Editing VAT #
To edit a specific VAT and its rate, under the Value Added Tax category, click on the ‘pen and notepad’ icon next to the VAT Tax.
Make relevant changes to the Tax Name and Rates field wherever required.
If you want to make the tax rate as default, tick ‘Make Default’ option.
Lastly, click ‘Save’ to save the update.
The changes will be reflected in the Value Added Tax category.
Deleting VAT #
To delete a specific VAT rate, under the Value Added Tax category, click on the ‘bin’ icon next to the Value Added Tax.
On a new pop-up window, click ‘Proceed’ button to delete the tax rate.
Searching VAT #
To search for a VAT rate, type the name of the VAT rate in the search bar.
