How to make the VAT rate change immediately?

Modified on: Tue, 29 Sep, 2020 at 7:36 AM

This article covers 

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?


Summary


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,

> Settings 

Configure Chargebee 

> Taxes 

> 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.


Related articles and Documentation

Uploading customized tax settings (CSV) 

Tax line item not showing on the invoice 

K
Kirthiga is the author of this solution article.

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