Update sales tax rates
From time to time VAT rates change and ideally the old as well as the new amounts should be recognized. Receipts offers a very flexible possibility to adjust them, as it is currently the case in Germany with the economic stimulus package due to Corona. Here the rates will be reduced from 19% to 16% and from 7% to 5% from 1 July 2020.
In Receipts, first open the "Settings" section and then the "General" section. Under "Tax rates", the current values, separated by commas, are "19%, 7%". These values can now be adjusted, i.e. by "19%, 16%, 7%, 5%". Please note that the comma is used as decimal separator if a number follows directly after it. However, the values can also be entered more easily, separated only by spaces: "19 16 7 5". The user interface updates itself immediately and all other places like reports and exports now also carry the new values.
It is recommended not to remove the old records (i.e. 19 and 7) for several reasons:
- the previous assignments are then no longer listed individually for exports etc.
- the automatic recognition of the values thus works for both old and new invoices.