The sales tax module is the place where a company's sales tax and withholding tax are configured and listed. In this module, a company can calculate the sales tax on each transaction as per the legal requirements, and process the tax payments to tax authorities. The financial controller and chief financial officer will be able to assess sales tax and withholding accuracy. This chapter covers the following topics:
- Exploring sales tax high-level cycles and entries
- Understanding sales tax integration with other modules
- Understanding sales tax setup and configuration
- Exploring the sales tax mechanism, calculations, and entries
- Exploring conditional sales tax
- Understanding withholding tax
