Enter the tax name. This is used for display purposes.
Simple Tax Rate (%):
This is the rate to be used for invoice computations.
Combined Tax Rate:
Select this option to apply multiple tax rates for invoice computations.
Compounding so rate 2 is applied after rate 1
This option applies the rates sequentially, so that the second rate applies to the taxed subtotal. If this box is left unchecked, the tax rates are both applied to the pre-tax subtotal.
Show zero percent
Enable this checkbox to print zero percent tax rates. Applicable in EU and UK only.