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SettingsJuly 1, 20262 min read

Tax Configuration Guide

Set up and manage tax rates in RetailCore: create tax codes, apply tax to products, configure inclusive or exclusive tax and review tax totals on invoices.

Understanding Tax Settings

Proper tax configuration ensures accurate charging and reporting. Navigate to Settings > Tax to get started.

Adding Tax Rates

  1. Click Add Tax Rate
  2. Enter a name (e.g., "Standard VAT", "Reduced GST")
  3. Enter the percentage rate
  4. Select applicability (products, services, or both)
  5. Save

Tax Groups

For jurisdictions with multiple tax components:

  1. Create individual tax rates
  2. Group them under a Tax Group
  3. Assign the group to products

Example: A 13% HST might be composed of 5% GST + 8% PST.

Product Tax Classification

Assign tax categories to products:

  • Taxable: Standard rate applies
  • Reduced Rate: Lower rate for essentials (food, medicine)
  • Zero-Rated: Taxable at 0% (exports, basic groceries)
  • Exempt: No tax (certain services, charities)

Tax Reporting

Your tax summary report shows:

  • Total sales subject to each tax rate
  • Tax collected by period
  • Tax paid on purchases (input tax credit)
  • Ready-to-file summaries

Regional Considerations

Different regions have different rules. Ensure you:

  • Configure location-specific rates for multi-store operations
  • Set up tax holidays or temporary rate changes
  • Configure digital goods tax for e-commerce