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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