Sales tax tab

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The Sales tax tab of a quotation contains information about the sales tax applied to the products included in the quotation.

The Sales tax tab is available if a company's accounting policy states that the sales tax is applied to the company's sales transactions (the Registered for a sales tax permit checkbox is selected on the Finance tab of the accounting policy).

To learn more about the fields of the Sales tax tab, see the following table:

Field	Description
Sales tax rate	The sales tax rate name or short description. The sales tax rate list is based on the Sales tax rates catalog.
Sales tax percentage	The percent of the sales tax. By default, it is populated from the sales tax rate settings. You can change it manually.
Amount	The sales tax amount. It is automatically calculated by the following formula: Amount = Taxable product amount (before discounts) × Sales tax percentage where Taxable product amount is the amount of products marked as Taxable on the quotation's Products tab. This tab might include several quotation variants. In this case, the calculation is based on the amounts of the variant marked as preferred. You can change the calculated amount manually The amount is in the currency specified in the quotation's Prices and currency settings, in the Document field of the Currency section.

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