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I need to adapt to new tax regulations from 19% to 16% for the upcoming billing period of July. How do I apply this change?
Are the new tax reduction norms automatically updated in the country list at Chargebee? If not, how can we adjust this manually?
You may observe amendments or significant changes to your VAT value as per law in your country. For example, A temporary VAT reduction could be enforced due to the recent COVID-19 crisis.
In Chargebee, the tax rates will need to be updated manually, for the tax profiles/regions based on the country.
To do this, navigate to Chargebee Dashboard,
> Configure Chargebee
> Select the Region
> Select the tax profile for which the rate change should be applied to
> Click on the pencil icon to edit the tax profile's rate
Warning: The tax rate change applies only to future invoices.
Here’s a video explaining the above scenario.
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