Tax Properties

The following table describes the Tax Properties options.

Option nameValueDefault valueDescription
Calculate and Round Tax At Item LevelYes/NoNoCalculates and rounds total tax to two decimal places based on item-level tax. When set to yes, the parameter enables calculation of the total tax at item level and is rounded to two decimal points. All taxes applicable to an item are totaled and rounded at item level itself.
Decimal Precision For Tax CalculationA numeric value from two to five.2Defines the decimal precision of tax types when calculating the total tax. The value specifies the number of digits to be considered after a decimal point when adding tax types in a transaction. When the decimal precision is set, it will be applied across all tax types.
Default Standard Tax TypeA numeric value from zero to 997Specifies the default tax type for applying the standard tax rate to an item.
Display POS Tax FieldYes/NoYesDetermines whether or not to display the tax value in the subtotal area of the POS view.
Manufacturer Coupons Affect Taxable AmountYes/NoNoDetermines whether the taxable amount of an item remains the same or is reduced when a manufacturer coupon is added to the transaction.
NOF Default TextAn alphanumeric value from one to 20 charactersMerchandiseSpecifies the default text of Not on File items to be displayed in the Item List and the receipt.
NOF Tax SourceItem/DepartmentDepartmentSpecifies the tax source of the Not on File item.
Note

The taxability of not on file items depends on the tax source.

NOF ValueA numeric value from zero to 99999999999999999999(None)Specifies the predetermined Item or Department value of the Not on File item.
Non-Taxable for Zero Tax Rated ItemsYes/NoNoDisplays a non-tax indicator when an item has a zero tax rate.
Print Tax StampYes/NoNoDetermines whether or not a tax stamp displays on the customer sales receipt.
Return Tax Price

One of the following values:

  • Return Price
  • Extended Price
Extended PriceDetermines which price is used for tax calculation during a return transaction.
Tax Calculation MethodOne of the following values:
  • DEFAULT
  • JVAT
  • EUVAT
DEFAULTDesignates the tax calculation method on the POS.
VAT Calculation TypeTransaction-level calculation/Item-level calculation2Designates where the POS performs the tax calculations.
  • 1Transaction–level calculation
  • 2Item–level calculation