How do I change a tax rate? How do I update taxes? Changing a tax rate is a quick process. Here is an overview of the steps as well as detailed instructions with visuals.
Existing taxes cannot be edited or changed. So, to change a tax rate you can follow these steps to create a new tax and then adjust the settings to reflect on the units needed.
There are 5 easy steps to create and link the tax rules to units:
Tip: there are more details below or click on the item to jump to that section
- Create a new tax at the correct rate needed
- Link the new tax to an associated unit
- Remove the old tax from the same unit
- Export the tax settings from one unit to the other applicable units
- Delete the old tax, if desired
Create a new tax
This will be the tax with the corrected rate. Go to Settings > Taxes > New Tax.
It is helpful to show the change in the name (ie: 2024 Lodging Tax or Lodging Tax 6%)
Link the new tax to an associated unit.
Go to Settings > Units > click a unit to open it > Taxes tab > Add Tax Rule.
Remove the old tax from the same unit.
On the old tax, click the 3 dots (...) > Delete
Export the tax settings to all other units they apply to.
Go to Options (in upper right corner) > Import/Export Unit Info.
Delete the old tax
Once the old tax has been removed from the units, you can delete the tax if you no longer need it.
Go to Settings > Taxes > click a tax to open it > Delete.
You are DONE!
Please note we must follow this process to create a new tax since established tax rates can not be adjusted. If you have any questions or need assistance with the process, please reach out to Support.