2 docs tagged with "classification codes"

Tax configuration in FTX follows a three-level hierarchy: regimes define the tax framework for a country, taxes define the individual tax types within a regime, and rates define the percentage and classification for each tax.

Tax calculation in FTX is automatic — it runs via database triggers whenever an AR transaction is finalised or an AP transaction is validated. The result is a set of tax lines that record the calculated tax for each transaction line.