The section about country tax rates are is used to define the tax rate per tax type for each country in BFSBricknode. A tax type could be for example taxes on dividends, coupon interest, etc.
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In the example above the tax rate for the United States is set to 30% for dividends. This means that if the house (we who operate BFS) is based in the US and we have a customer that is taxable in the US who receives a dividend from a US company we are going to withhold 30% of the dividend amount as tax for the US and place those funds into a separate BFS account owned by the house. This is further explained in Get started with tax management in BFS.
Click on Create in order to create a new entry.
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Enter the properties below.
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Property | Description |
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Tax Country | The country where the tax rate should apply |
Tax Type | Select any of the installed tax types in your BFS instance |
Tax Rate | Enter the percentage value, enter 15 for 15% |