Menu Path: Accounting > Maintenance > Configuration > Add Tax Year
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This function serves the similar steps as Add Financial Year. Note that, usually the Financial Year and Tax Year are not necessarily the same on the first year of business commencement and also, when the GST was implemented on 1st April 2015. Users are advised to identify and distinguish the Financial Year and Tax Year |
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if there are differences mainly on the first year. |
- Select the Add Tax Year button as displayed in the following image.
- The following interface will be navigated upon clicking on the Add Tax Year button.
- Select the Filing Type to either be Company or Group.
- Select the Company and click Set Company.
- Select the Financial Year and click Submit.
- Next, select the Date Range and select the Filing Cycle Duration.
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| Company | Select from drop down list and click "Set Company" |
| Financial Year | Select financial year from drop down list |
| Date Range | Set the Start and End Date |
| Filing Cycle Duration | Please follow the Royal Custom submission filing cycle (Please take note that NOT allow to Edit after Added |
| Approval No | If choose for "Custom Month" or "Custom Duration", need to key in Approval no from Royal Custom |
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