The Local Tax Setup page defines a tax rate percentage per state/locality. This is an optional feature, maintained by the Seller, used in the calculation of the Credit Hold and estimated BOL cost.
If a country is not listed in the table of results, select a country from the Add Country arrow and click Add Country.
Local Tax Field Descriptions
The following fields are available on the Local Tax Setup page.
| Field | Description |
|---|---|
| Type: |
Specifies the tax rate type as cents per gallon or percentage. Options are:
|
| Rate: | Specifies the currency used in the tax rate calculation per unit of measure, if Percentage is selected in the Type field. |
| Volume: |
Provides the currency used in the tax rate calculation per unit of measure, if Value is selected in the Type field. Options are:
|
| Weight: |
Contains the currency used in the tax rate calculation per unit of measure, if Value is selected in the Type field. Options are:
|
| Comments: | Displays comments when modifying a tax rate. This is an optional field. |
Credit Hold Calculation Formula
Below is the formula for calculating the Credit Hold :
State Tax Amount = Decrement Amount x the State/locality Tax Rate for the Consignee
Estimated Load Cost calculation formula
Below is the formula for calculating the Estimated Load Cost:
State Tax Amount = Gross Gallons from each finished product BOL line x the State/locality Tax Rate Per Gallon