This forum will assist you on how to alter the tax rates for STT and ECAL as announced in the 2017-2018 Budget. Ensure this is implemented from the first day of August
1. Navigate to menu 564 Tax Codes.
2. Select your Tax code that needs amendment. In our example, we will alter TAXIN Tax Code
3. Alter the rate for STT from 10% to 6%
4. Alter the Tax Code for EL. Rename this to ECAL
5. Alter the tax rate for ECAL for 6% to 10%.
6. Click on the save icon
Refer to Figure 1.1 below for details
Figure 1.1
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