Did you know that you can very easily assign one type of tax rate to all products, and services you offer? If you are not a VAT payer, you will not see the Tax rates tab and therefore you will not be able to set them.
However, if you are a VAT payer, first create a tax rate. Do the following:
Open the Sales — Tax rates.
Click the blue + New Tax Rate button in the top right corner.
Then fill in all the necessary details:
Tax rate name — your customers won't see it anywhere, it's just for your reference.
Rate — this is the most important information. Enter a number here that will represent, in percentage, the tax rate you want to set.
Type — choose between added or deducted. You will learn the difference between them here.
Confirm the addition of the new tax rate with the blue Save button.
If this is the first tax rate you create, it will automatically be assigned to all the services, and products you offer.
However, if you want to use a different tax rate as your default, do the following:
Open the selected tax rate.
Click on the three dots in the top right corner.
Select Set as default.
ATTENTION: Take note when updating the default tax rate. If you are currently using tax rate A (for example 10%) and need to set tax rate B (for example 15%) as the default tax rate, create it and set it as the default through the three dots. From this point on, the system will see the default tax rate as B. However the services that had the original tax rate A assigned will not automatically be reassigned (so they will stay with the original rate A). The system will automatically apply the new default tax rate B only to newly created products, and services.