Before uploading your products on the Riwaa platform, make sure to set up the sales tax settings to ensure the accuracy of your financial transactions. In this article, you will learn all the details.
Accessing Tax Settings
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Go to Settings > Settings > Tax Settings.
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Choose the default tax rate (most used, which is automatically added to products in inventory).
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Choose the sales tax status:
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Tax inclusive: The entered amount includes tax.
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Tax exclusive: The entered amount does not include tax, and the system will add tax to it on the sales screen.
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Click "Save."
⚠️ Note: The sales tax status cannot be changed after activating tobacco fees.
Frequently Asked Questions
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When should I set up the tax settings?
Before you start uploading your products on the platform, set up the tax settings.
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I have products subject to VAT and others subject to selective tax, how do I set up the tax settings?
Choose the most used default tax rate, then customize the different tax for each product through inventory.
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If I change the sales tax status from tax inclusive to exclusive, and vice versa, after adding products, will the prices be affected?
Yes, prices in inventory will be affected when changing the sales tax status in the settings.
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If I change the default tax rate after adding products, will previous products be affected?
No. The change only applies to new products, and you can modify the data of previous products when needed.