diff --git a/apps/fyle/models.py b/apps/fyle/models.py
index f1d106f0..fd33fe39 100644
--- a/apps/fyle/models.py
+++ b/apps/fyle/models.py
@@ -4,6 +4,7 @@
 from collections import defaultdict
 from datetime import datetime
 from typing import Dict, List
+from decimal import Decimal
 
 from babel.numbers import get_currency_precision
 from dateutil import parser
@@ -50,9 +51,14 @@ def _format_date(date_string) -> datetime:
     return date_string
 
 
+def round_amount(amount, fraction):
+    amount = Decimal(str(amount))
+    return float(amount.quantize(Decimal('1.' + '0' * fraction)))
+
+
 def _round_to_currency_fraction(amount: float, currency: str) -> float:
     fraction = get_currency_precision(currency) or 2
-    rounded_amount = round(amount, fraction)
+    rounded_amount = round_amount(amount, fraction)
 
     return rounded_amount
 
@@ -138,7 +144,7 @@ def create_expense_objects(expenses: List[Dict], workspace_id: int):
                     'currency': expense['currency'],
                     'foreign_amount': expense['foreign_amount'],
                     'foreign_currency': expense['foreign_currency'],
-                    'tax_amount': expense['tax_amount'],
+                    'tax_amount': _round_to_currency_fraction(expense['tax_amount'], expense['currency']) if expense['tax_amount'] else None,
                     'tax_group_id': expense['tax_group_id'],
                     'settlement_id': expense['settlement_id'],
                     'reimbursable': expense['reimbursable'],
diff --git a/tests/test_fyle/test_models.py b/tests/test_fyle/test_models.py
index 8bde7478..e8c88891 100644
--- a/tests/test_fyle/test_models.py
+++ b/tests/test_fyle/test_models.py
@@ -13,6 +13,7 @@
     get_default_expense_group_fields,
     get_default_expense_state,
     parser,
+    _round_to_currency_fraction
 )
 from tests.test_fyle.fixtures import data
 
@@ -326,3 +327,20 @@ def test_format_date():
     date_string = _format_date('2022-05-13T09:32:06.643941Z')
 
     assert date_string == parser.parse('2022-05-13T09:32:06.643941Z')
+
+
+def test_amount_rounding():
+    amount = _round_to_currency_fraction(81.6455, 'USD')
+    assert amount == 81.65
+
+    amount = _round_to_currency_fraction(81.642, 'USD')
+    assert amount == 81.64
+
+    amount = _round_to_currency_fraction(81.6455, 'TND')
+    assert amount == 81.646
+
+    amount = _round_to_currency_fraction(81.64555, 'TND')
+    assert amount == 81.646
+
+    amount = _round_to_currency_fraction(81.64, 'JOD')
+    assert amount == 81.64