Setting up Value-Added Tax (VAT)
SilomPOS supports the setup and application of Value-Added Tax (VAT), which can be configured both at the individual product level and for the store as a whole. The steps are as follows :
Setting up VAT for individual products :
- Log in to the SilomPOS backend at https://dashboard.silompos.app/ or set up VAT directly through the POS device.
- Go to the Products **menu: Click on the **Products menu on the left side of the screen.
- Select the product to set up VAT: Click on the product you wish to edit.
- VAT Settings: In the product details page, look for the **Tax Included **section. If your product is subject to VAT, check the box. If the product is non-taxable, leave the box unchecked.
- Save Changes: Click the Save button to save the settings.
How to set up VAT for the store :
- Log in to the SilomPOS backend at https://dashboard.silompos.app/ or set up VAT directly through the POS device.
- Go to the Settings menu: Click on the Store menu on the left side of the screen.
- Set up VAT: In the store details page, look for the Tax.
- Select the type of VAT application: If the store uses an inclusive VAT, toggle the switch to green. If the store uses an unexclusive VAT, toggle the switch to gray.
- Specify the VAT Rate: Enter the tax rate, such as 7%, in the designated field.
Updated on: 14/11/2024
Thank you!