Tax settings

PaidFast applies tax to your invoices based on your organization's tax settings. Getting these right means every document shows the correct tax.

#Tax registration

Enter your tax registration number (for example your KRA PIN in Kenya) in your organization profile. It appears on your invoices and receipts.

#Applying tax to documents

Tax is applied per line item on invoices and quotations, using the rate appropriate to your setup (for example VAT). You can:

• Set a default tax on saved items so it's applied automatically.
• Adjust tax on an individual line when needed. Type the rate as 16 or 16%.

On invoices and recurring invoices the VAT (%) box is required on every line; enter 0 for zero-rated or exempt items. On quotations it's optional.

PaidFast calculates the tax and total for you as you build the document.

#Tax system and environment

Settings → Tax Compliance also shows a tax system (set from your country) and an environment. Leave them at their defaults.

#Related

• Withholding tax — track tax withheld by your customers.