The Tax tab allows configuring tax rates for your organization. Tax rates are available on transactions like invoices. You can enter both a name and the rate as a percentage. For example, a tax rate of 3% should be entered as 3, not 0.03.
After entering tax rates into the table, you can choose a default tax rate from the Default Tax Rate dropdown. This will be the tax rate that is used by default on transactions like invoices.
