MX-00006 Set up sales tax code

This article describes how to create the tax report category codes and assign a tax report category code to a sales tax code for use in sales, purchase, and summary tax reports. Use these categories to group all transactions as required by the authorities.

To create tax report category codes, follow these steps:

1. Go to Tax > Setup > Tax category codes.
2. Select New.
3. In the Tax report category code field, enter a unique value. Use this code to classify the VAT report generation.
4. In the Tax report category description field, enter a brief description.
5. Select Save, and then close the page.

To set up a sales tax code, follow these steps:

1. Go to Tax > Indirect taxes > Sales tax > Sales tax codes.

2. Select New.

3. In the Sales tax code field, type a value.

4. In the Name field, type a value.

5. In the Settlement period field, select the drop-down button to open the lookup.

6. In the list, find and select the desired record and select the link in the selected row.

7. In the Ledger posting group field, select the drop-down button to open the lookup. In the list, find and select the link in the selected row.

8. In the Tax type field, select an option.

   • ISR – Income tax
   • IVA – Value added tax
   • IEPS – Special product and service tax

   Tax type is used in electronic invoices (CFDI) to summarize the taxes per type in the Subtotal section of the invoice.

9. Select or clear the Additional information check box. This checkbox allows users to enter more information such as RFC, CURP, type of operation, and other information for nonmanaged vendors. When you register a purchase transaction with this tax and don't specify a vendor account, enter more information. This configuration is used for the generation of DIOT declaration report.

10. Expand the Report setup section.

11. In the Tax category report field, select the drop-down button to open the lookup.

12. In the list, find and select the desired record and select the link in the selected row.

13. Select the tax category report you created.

14. Select Save, and then close the page.