Odoo 14 Community Edition


Taxes are a very important aspect of a company and the Odoo platform allows you to create and configure the various taxes for your company operations and the taxes menu can be accessed under the accounting section available from the configuration tab of the invoicing module.

Invoicing -> Configuration -> Accounting -> Taxes

The image of the taxes window is depicted below.

Odoo 14 Invoicing Module

In this taxes window, you can view all the taxes described in the platform along with the tax name, tax type, label on invoices, and the name of the company.

The Odoo platform supports a wide range of tax types such as Value Added Tax (VAT), eco-taxes, federal/state/city taxes, retention tax, withholding tax, and many more. The chart of accounts that you defined is automatically preconfigured with the main taxes of the country.

Now we can discuss how to define new taxes in the platform.

The new taxes can be configured by accessing the creation window available. In the creation window, you can provide the tax name, allocate tax computation from the drop-down menu, along with the tax scope, tax type, and amount. The tax scope defines where the tax is selectable which means with sales, purchase, or none and none means the tax cant to be used by itself. However, it can still be used in a group. Using the tax scope option we can restrict the use of taxes to a type of product. There are four different types of tax computations available under the tax computation option. Which are the group of taxes, fixed, percentage of the price, percentage of price tax included. Moreover, you have the option active and you can set active to false to hide the tax without removing it.

Under the definitions tab, the taxing rule for the distribution of invoices and credit notes can be configured.

Odoo 14 Invoicing Module

Based on Invoices: the tax is due as soon as the invoice is validated.

Based on Payment: the tax is due as soon as the payment of the invoice is received.

Odoo 14 Invoicing Module

So far we were discussing the tax configuration in the platform and now let us move on to the next feature Fiscal positions in the platform.



Cybrosys Technologies Pvt. Ltd.
Neospace, Kinfra Techno Park
Kakkancherry, Calicut
Kerala, India - 673635



Cybrosys Technologies Pvt. Ltd.
1st Floor, Thapasya Building,
Infopark, Kakkanad,
Kochi, India - 682030.



Cybrosys Techno Solutions
The Estate, 8th Floor,
Dickenson Road,
Bangalore, India - 560042

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