Tax Configuration (Tax Code)
Once you have chosen Tax Country to be Malaysia, Tax Configuration will be automatically be setup with all GST Codes applicable to Malaysia, you can view the list from List Tax Config.
You can choose to inactivate whichever GST Codes not in used from Edit Tax Config
You can add on however many GST Codes from Add Tax Config. Below are the field explanations :
| Field | Description | Compulsory |
| Tax Code | This value has to be unique. It will be used through out the system | Yes |
| Tax Code Description | Explanation of the Tax Code | Yes |
| Tax Type | GST-MY INPUT for input tax, GST-MT-OUTPUT for output tax | Yes |
| Tax Type Description | Explanation of the Tax Type | No |
| Tax Rate | The tax rate associated with this Tax Code | Yes |
| Standard Tax Code | Used for reporting | No |
| Major Industry Code | For GST-Form3 section 19, refer to Department of Statistics Malaysia | No |
Menu Path: Accounting > Maintenance > Configuration > Tax Configuration
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