The tax settings on Rewaa are designed to help you maintain the accuracy of your financial transactions by configuring and defining the default tax rate and the tax status for both sales and purchases.
Accessing Tax Settings
Navigate to:
Settings > Configuration > Tax Configuration.
Default Tax Rate
Set your default tax rate, which refers to the most frequently used tax type on the platform. This rate will be automatically applied to products in your inventory.
Sales Tax
Choose the sales tax status:
⚠️ You cannot change the sales tax status after activating Tobacco Fees.
Inclusive of Tax:
The entered price already includes tax.
Example: If the product’s selling price in the inventory is SAR 100, it will appear as SAR 100 (tax-inclusive) in the sales screen.
Exclusive of Tax:
The entered price does not include tax. The system will calculate and add the tax at the sales screen.
Example: If the product’s selling price in the inventory is SAR 100, it will appear as SAR 115 (tax-exclusive) in the sales screen.
After selecting your desired settings, click Save.
Purchase Tax
Purchase Tax Status:
Purchase tax is set to exclusive of tax and cannot be modified in the settings.
FAQs
When should I configure tax settings?
Tax settings should be configured before adding products to the inventory.What if I have products subject to VAT and others subject to excise tax?
Set the default tax rate according to the most commonly used tax for your products. You can customize the tax type for specific products through the inventory.If I change the sales tax status from inclusive to exclusive or vice versa, will it affect the prices in the inventory?
Yes, inventory prices will be affected when changing the sales tax status in the settings.If I change the default tax rate after adding products to the inventory, will existing products be affected?
The new tax rate will apply only to newly added products. Existing products in the inventory will remain unaffected unless updated manually.