Configuring Tax Codes

Tax codes imply the Value Added Tax (VAT) rate applied to an expense.

Hence, you must specify the appropriate tax codes that are relevant for your business- this helps to apply the correct tax code to an expense recorded in Pleo.

• To set up tax codes using the Taxes API, see the Tax Code API.

• To set up tax codes in the Pleo application, mention the following details in the Settings > Accounting > Setup tab:

  Columns	Description
  Type	Defines the specific type allocated to the tax.
  Name	A specific name for the tax code.
  Code	An internal identifier of the ERP/accounting system assigned to the specific tax type.
  Tax rate	The percentage of tax applied to an expense with this specific tax code.