In the Taxes tab you are allowed to add the taxes that may be applied to your buy or sell, both buy and sell prices, or to the margin.

For tax Type Buy, only name and percentage can be setup.

For Tax Type Margin, Sell or Buy/Sell, beside name and percentage, we can set the taxes per Brands, Country Areas, Product Category and we have to choose a Calculation Type that defines how the calculation is made on arrangement level (when the product to which the tax is applied is booked into a Deal)

Use + ADD TAX to add new tax entry in the system

The Name may be for example VAT 19% so that it is explicit for you during the price calculation process as the names are displayed in the Tax Code drop-down of the Product - Price entry and Arrangement - Price entry sections.

If you select Buy - the drop-down will display the entry in the Buy price section. 

The same for Sell, the drop-down will display the entry in the Sell price section. 
If Buy/Sell is selected, the tax will appear both on the Sell and on the Buy tax fields. 

If Margin is selected, the tax will be applied on the margin calculated on the arrangement. It will be automatically applied per arrangement in the booking process.

Each tax may be edited or deleted by checking it and using the Actions button.

 The system allows setting a single tax Type (Sell, Buy/Sell or Margin) for the same combination of brand and country area.

The considered brand will be that of the Deal and the Country area will be considered that of the product.

Tax on margin is automatically applied to sell price.

Margin may represent:

When the price is loaded as arrangement, based on the brand of the deal (which is set as brand of the arrangement) and the country area of the product, the tax on margin will be applied even if those prices that already have a tax set on Product/Price level.

The search to identify the tax on margin which is set by country; is done in such a way to match all products from a certain country even if in the Country Area of the product a lower level is set.

When the tax on margin is applied, only the sell price is recalculated in the arrangement. The buy price remains as set, without being altered by the calculation.

There are certain products (like insurance products for ex.) to which no tax should be calculated. For these kind of products, the tax 0 will be set on arrangement level.

For arrangements where tax on margin applied, the system displays:

Deal Details - Arrangements - Totals

Totals: Total buy is total buy incl. tax, Total Sell is total sell ex tax

Commission: Commission incl Tax

Net Total: Total ex tax - commission

Tax on Margin: if custom margin for tax on margin is not 0

Tax: other taxes if any

Total Incl. tax: Net total sell + tax on margin + other tax

Margin percentage: calculated from sell price without deduction

Margin net percentage - calculated from sell price with deduction

Profit net percentage = calculated as (1 - total Buy Price / (total Sell Price NoTax - deduction)) * 100