Non-Filer Tax Rate
In case, a business is required to operate, the different tax rate for Filer and Non-Filer on the products or services, now this process is made easy with Fast Accounts.
1. How to define a Non-Filer Tax Rate
- Go to the Settings Menu
- Select Taxes and Year-End
- Select Add New in Sale Tax Rates
In the New Rate, add the sales tax, in the Tax Rate enter the Sales Tax Rate + Additional Tax Rate and in the Additional Tax Rate Column only add Non Filer Additional Tax rate. In this example, Sale Tax Rate is 17% and the Additional Non-Filer Tax Rate is 3% therefore 20 will be added in Tax Rate and 3 in the Additional Tax Rate.
2. How to Setup a Non Filer Customer
On the Add New Customer, on the Terms Tab, there is a check box “Filer”, if this is unchecked, the customer will be regarded as Non-Filer for tax purposes.
The Filer Status can be changed on the Edit Customer screen.
3. How to Link Non-Filer Tax Rate to the Product
On the Add New Product Form, there are two tax rates, you can select a Non-Filer Tax Rate as appropriate. In case not relevant you can select the same Sales Tax Rate for both Filer and Non-Filer.
4. How to Add Sale Invoice for Non-Filer
When adding a new sale invoice simply, select the Customer and based on Customer’s Tax Status, the product Sale Tax Rate will be applied automatically.
Please call Fast Accounts Team on 042-111-008-339 for further support.