hFew KSA Vat 15% doubts ??

Hi Team,

Recently KSA has increased the vat rate from 5 to 15%. However transitional provisions are also announced which allows 5% rate to continue for a short period upon satisfying some conditions. On this background, we need some configuration advice.

1. Should we edit the existing standard vat rate code (5%) and change to 15% and create a new tax rate of 5% to meet transitional provisions OR Create a new tax rate code of 15% and make it default and dont touch the existing vat 5% rate as it should continue for a shorter period. What should be the best practice ??

2. At present we have one to one Tax status and tax rate. Which means we have a tax status "standard" and tax rate "standard" (5%), if we create an additional tax rate of 15%, should we create additional tax status or use the existing tax status standard. What is the best practice ??