Issue in Single Rate Custom Tax Code calculation

I note an anomaly in the tax calculation for a custom tax code. (We have an 8% fuel tax in Kenya)


I note that my entries get calculated as 7.41%

Any way of fixing that ?

You have selected tax-inclusive pricing

Your invoice is for KE $ 925.93

Tax at 8% is KE $ 74.07

Making total cost KE $ 1,000

Please read the guide Choose between tax-exclusive and tax-inclusive prices | Manager

Got it!


@kendirangu, you also need to be sure you are correctly designating this tax code as a flat rate tax. See the discussion about flat rate tax codes in the Guide: Create and use tax codes | Manager. Flat rate tax refers to a specific administrative scheme, not a constant-rate of taxation.