Tax Properties

The following table describes the Tax Properties options.

Option name Value Default value Description
Calculate and Round Tax At Item Level Yes/No No Calculates 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 Calculation A numeric value from two to five. 2 Defines 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 Type A numeric value from zero to 99 7 Specifies the default tax type for applying the standard tax rate to an item.
Display POS Tax Field Yes/No Yes Determines whether or not to display the tax value in the subtotal area of the POS view.
Manufacturer Coupons Affect Taxable Amount Yes/No No Determines whether the taxable amount of an item remains the same or reduces when a manufacturer coupon is added to the transaction.
NOF Default Text An alphanumeric value from one to 20 characters Merchandise Specifies the default text of Not on File items to be displayed in the Item List and the receipt.
NOF Tax Source Item/Department Department Specifies the tax source of the Not on File item.
Note

The taxability of not on file items depends on the tax source.
NOF Value A 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 Items Yes/No No Displays a non-tax indicator when an item has a zero tax rate.
Print Tax Stamp Yes/No No Determines 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 Price Determines which price is used for tax calculation during a return transaction.
Tax Calculation Method One of the following values:
  • DEFAULT
  • JVAT
  • EUVAT
 DEFAULT Designates the tax calculation method on the POS.
VAT Calculation Type Transaction-level calculation/Item-level calculation 2 Designates where the POS performs the tax calculations.
  • 1—Transaction–level calculation
  • 2—Item–level calculation