Setting up Canadian VAT/Sales Tax Details

  • 04/12/2024
  • 2 minutes to read

To comply with Canadian tax regulations and handle HST, GST, and PST, you can set up the necessary configurations in Expense Management using Configured Fields. HST (Harmonized Sales Tax), GST (Goods and Services Tax), and PST (Provincial Sales Tax) are regional taxes applied in Canada. The rates and application of these taxes vary depending on the province. By using Configured Fields, you can ensure that expense users provide the necessary tax details for accurate handling of these taxes in the Expense App and Portal.

To specify the Canadian tax fields:

  1. Select the Search icon, enter Configured Fields, and then select the related link.

  2. On the action bar, select Expense.

  3. In the Fields on Header FastTab, select New Line to add a new field.

  4. Add the following fields:

    • HST/GST Amount
    • PST Amount
    • Tax Area Code

  5. Use the Search icon, enter Expense Types, and select the Expense for which you want to add the Tax Group code and then on the action bar, select Setup.

  6. On the Expense Posting Setup page, on the expense type, the Tax Group Code specifies the tax group that's used for calculating and posting sales tax.