How do I set up a tax rate in Xero?
Setting up a tax rate in Xero is an important step for businesses that need to accurately track and report their taxes. Knowing how to set up a tax rate in Xero can help businesses ensure that they are correctly calculating and reporting their taxes, which can help them avoid costly penalties and fines. Additionally, setting up a tax rate in Xero can help businesses save time and money by streamlining their tax filing process.
Grace Everwood
|
11 steps
|
16 seconds
Xero
1
Go to [https://www.xero.com/](https://www.xero.com/)
2
Click the “Settings” tab in the top navigation bar.
3
Click “General Settings” in the left-hand menu.
4
Click “Organization Settings”.
5
Click “Tax Rates”.
6
Click “Add Tax Rate”.
7
Enter the name of the tax rate in the “Name” field.
8
Enter the rate of the tax in the “Rate” field.
9
Select the applicable country from the “Country” drop-down menu.
10
Select the applicable tax type from the “Tax Type” drop-down menu.
11
Click “Save”.