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10.3.1. Tax Class

To create a new Tax Class, select the NEW button. The following screen will appear:

Create New Tax Class

When creating a new Tax Class, you are presented with the following options:

Code

Enter a code to identify the Tax Class.

Description

Enter a description to describe the Tax Class.

Group Sequence

Select or enter a Group Sequence for this Tax Class. The Group Sequence is used for calculating cumulative taxes.