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www.cybrosys.com
How to define new taxes in Odoo?
INTRODUCTION
• Most of the countries have tax system to support many national needs.
So tax feature is a must-have in ever...
• To create a new tax or list out all the taxes in your Odoo,
 Go to Accounting > Configuration > Accounting > Taxes
• To create a new tax or list out all the taxes in your Odoo,
• In the above picture, you can see the mandatory fields for a tax.
• Tax Name
Name of the tax
• Tax Scope
Where to use this tax. If you select ‘None’, you can only use this tax with other t...
• Include in analytic cost
If we set this option, then the amount computed by this tax will assign to the same analytic
ac...
• Tax adjustment
Set this option if you want this tax to be used in tax adjustment wizard.
Let's go detail with tax comput...
• Fixed
You can give a fixed amount as tax
Example:
Base amount: 1000
Tax rate (value of Amount field): 10
Amount of Tax: ...
• Percentage of price
This is the most common way of tax computation. Let’s us to mention tax as percentage
Example:
Base ...
• Percentage of price tax included
This way of calculation is used when your tax is a percentage of the total price. This ...
• These all are the details we have to take care when we configure a tax.
• Now you can use these taxes in Product master or product category master as Customer
Tax or Vendor tax. So that whenever...
• This is How We Can Define New
Taxes In Odoo..
Refer this link for more:
https://www.cybrosys.com/blog/how-to-define-new-taxes-in-odoo
Thank You !
Cybrosys Technologies Pvt. Ltd.
Neospace, Kinfra Techno Park,
Kakkancherry,
Calicut University P.O.
Calicut
Ke...
Define new taxes in odoo
Define new taxes in odoo
Define new taxes in odoo
Define new taxes in odoo
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Define new taxes in odoo

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ost of the countries have tax system to support many national needs. So tax feature is a must-have in every accounting system.
In Odoo we can create the different types of taxes. But you have to be an advisor level user to do this in Odoo. Other groups are accounting can only have the read access to this.

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Define new taxes in odoo

  1. 1. www.cybrosys.com How to define new taxes in Odoo?
  2. 2. INTRODUCTION • Most of the countries have tax system to support many national needs. So tax feature is a must-have in every accounting system. • In Odoo we can create the different types of taxes. But you have to be an advisor level user to do this in Odoo. Other groups are accounting can only have the read access to this.
  3. 3. • To create a new tax or list out all the taxes in your Odoo,  Go to Accounting > Configuration > Accounting > Taxes
  4. 4. • To create a new tax or list out all the taxes in your Odoo,
  5. 5. • In the above picture, you can see the mandatory fields for a tax.
  6. 6. • Tax Name Name of the tax • Tax Scope Where to use this tax. If you select ‘None’, you can only use this tax with other tax groups. • Tax computation Odoo have four different types of tax computation  Group of taxes  Fixed  Percentage of price  Percentage of price tax included
  7. 7. • Include in analytic cost If we set this option, then the amount computed by this tax will assign to the same analytic account mentioned the invoice line. • Included in price Set this option if this tax is included in the unit price of the product/service. • Affect base of subsequent taxes If you set this option, Base amount of subsequent taxes will be the sum of current base amount and tax amount of this tax.
  8. 8. • Tax adjustment Set this option if you want this tax to be used in tax adjustment wizard. Let's go detail with tax computation methods • Group of taxes This option lets us configure the tax as a collection of many child taxes. Odoo will make visible the table to select the child taxes when you select this option as tax computation method.
  9. 9. • Fixed You can give a fixed amount as tax Example: Base amount: 1000 Tax rate (value of Amount field): 10 Amount of Tax: 1010 If you set ‘included in price’ Real amount: 990 Tax: 10 Amount with Tax: 1000
  10. 10. • Percentage of price This is the most common way of tax computation. Let’s us to mention tax as percentage Example: Base amount: 1000 Tax rate (value of Amount field): 10% Tax: 100 Amount of Tax: 1100 If you set ‘included in price’ Real amount: 909.09 Tax: 90.91 Amount with Tax: 1000
  11. 11. • Percentage of price tax included This way of calculation is used when your tax is a percentage of the total price. This option is by default tax included on the price. Example: Base amount: 1000 Tax rate (value of Amount field): 10% Tax: 100 Amount of Tax: 1000 (Tax is already included in price)
  12. 12. • These all are the details we have to take care when we configure a tax.
  13. 13. • Now you can use these taxes in Product master or product category master as Customer Tax or Vendor tax. So that whenever you select this product in a Sale order/Purchase order/ invoice, Odoo will select this tax automatically for you.
  14. 14. • This is How We Can Define New Taxes In Odoo..
  15. 15. Refer this link for more: https://www.cybrosys.com/blog/how-to-define-new-taxes-in-odoo
  16. 16. Thank You ! Cybrosys Technologies Pvt. Ltd. Neospace, Kinfra Techno Park, Kakkancherry, Calicut University P.O. Calicut Kerala, India - 673635. Cybrosys Ltd 15, ST Antonys Road, Forest Gate, London England, E79QA. Cybrosys Technologies Pvt. Ltd. 1st Floor, Thapasya Building, Infopark, Kakkanad, Kochi, Kerala, India-682030.

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