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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.

Content (please ensure you mask any confidential information):


Version (include the version you are using, if applicable):


Code Snippet (add any code snippets that support your topic, if applicable):

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