1 to 7 of 7
We recently received a requests to support Canadian GST and PST taxes. We are contemplating adding a second default tax amount to the invoice defaults. This would allow you to create and name two default taxes. For people that only need one tax the second tax would never be used, but for those that need two taxes it would make managing invoices easier by having a true secondary tax.
In the mean-time, this shortcut may be helpful:
Canada: Provincial rates is nominally 7.5%, but is also applied to the federal 5% GST so effectively 7.875%
It would be great to get feedback on the secondary tax feature. Would you use it? Any other ideas on how to execute this and keep it easy to use?
It looks like the second tax is calculated differently in each province, as explained in this page:
we need a second taxes field!
i cant use invoicing without it!
In QuÃ©bec, (Canada)
we need two taxes fields....:
goods and services tax (GST) and QuÃ©bec sales tax (QST) apply to most purchases or leases of property or services. GST is calculated at the rate of 5% on the selling price. QST is calculated at the rate of 7.5% on the price including GST.
For a $100 taxable purchase, the consumption taxes are calculated as follows: Selling price $100.00
GST ($100 x 5%) $5.00
QST ([$100 + $5] x 7.5%) $7.88
The second tax rate piece is officially live. If you log into your account and navigate over to Options >> Settings & Defaults >> Default invoicing there is an option to enable the second tax rate. When enabled it will be applied to all new invoices. Look for it in the Terms & Tax Defaults section:
Term & Tax Defaults
1 to 7 of 7
Comments are closed.
For more Intervals help documentation, please visit help.myintervals.com