How do I add a new tax?

US Edition:

Before adding a tax, you will have to enable Sales Tax.

• Go to Settings -> Taxes and click on the Enable Sales Tax button.

• Once sales tax is enabled, you can start adding new taxes in accordance with the state you sell products or render your service.
• Click on +New Tax.
• Enter a Tax Name, Rate(%) and a Tax Authority (Type to add) for the tax you are adding. Eg: Illinois Department of Revenue.

Global Edition:

• Go to Settings -> Taxes and click on +New Tax.
• Enter a tax name and provide a Rate(%) for your tax.
• Check the Yes, this is a compound tax box to define it as a compound tax, if necessary.
• Click on Save.