How to set Progressive Tax Rate in TRCS?
Summary:
For a client we want to calculate Taxes based on the defined tax rate brackets with corresponding limits in entity currency.
Example-
- 0 % for taxable income up to AED 375,000
- 9 % for taxable income above AED 375,000
We need to check if anyone has done out of box set up to accommodate this requirement.
Your inputs are highly appreciated.
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