ManualDoc:W1002100003

Tax register types are a key variable of the Tax Payment process as that is the process which calculates the total tax amount of each tax register type created and configured.

In other words, the "Tax Payment" process helps to calculate the amount of taxes to be paid to or to be received from the corresponding tax authority as the difference between:

• the "Sales" tax register types or the total tax amount that is charged by an organization and paid by its customers
• and the "Purchase" tax register types or the total tax amount that is paid by an organization to other businesses on the supplies that it receives.