Unable to enable "Make Tax Available for Transactions" check box.
While defining Tax regime Tax setup i am trying to enable to "Make Tax Available for Transaction" check box , i am getting following errors. Please suggest me the missing setups to complete this process.
i am getting following errors.
Define either a default tax formula or a tax rule for the rule type: Determine Taxable Basis.
Allow Primary Recovery R... - You cannot select Allow Primary Recovery Rate Determination Rules unless you define a tax rule for the Determine Recovery Rate rule type for this tax.
Allow Secondary Recovery... - You cannot select Allow Secondary Recovery Rate Determination Rules unless you define a tax rule for the Determine Recovery Rate rule type for this tax.