understanding-and-configuring-taxes.md

#Understanding & Configuring Taxes

A business has to comply with tax regulations depending upon various factors, including but not limited to:

• Types of Government agencies depending upon where you operate: Local, Municipal, County, District, State, and Central Government.
• Where your transaction originates from and ships to. (Nexus Compliance)
• Nature of business.
• Exemptions depending upon whom you have business with.
• Exceptions, such as tax holidays.
• Requirement of frequent tax report filing and remit.

MixERP encapsulates a highly parameterized design to help achieve complex tax compliance in a multi-establishment environment. It is, therefore, very important to understand how taxation works in MixERP. These are the various types of tax supported by MixERP:

• Sales Tax
• Value Added Tax
• Payroll Tax
• Generic TDS Form

##Related Topics

• MixERP User Guide