Managing tax rates

Managing taxes on invoices can be a mess - but it doesn't have to be. Years of personal experience and customer feedback has resulted in the intuitive system you can use with Sliptree now.

Adding a new tax rate

When navigating to Business Settings and clicking on Taxes, you will find that we've already set up the most common tax rates for the country your company is based in. Even so, you may find it necessary to add a new tax rate.

To add a new tax rate, click on Add tax rate and enter the desired name, rate and ID for your tax rate. The ID can be used for your own internal use purposes and will not be shown to your customer.

You can also choose whether this new tax rate should be the default for your products. Note that this will only affect products created in the future, existing products will not be affected.

Active and inactive tax rates

By default, you only see active tax rates listed on the Taxes page. To see inactive tax rates, toggle Show inactive.

The only difference between active and inactive tax rates is whether they are displayed when selecting rates for products and on documents. Changing a tax rate to be inactive will not remove it from products or documents that have the rate already applied.

Editing or deleting a tax rate

Clicking on Edit lets you modify any parameter of the tax rate, unless it's already used on invoices or estimates.

Clicking on the three dots icon next to a tax allows you to edit or delete a tax rate. Deleting a tax rate can only be done if it has not been applied to any invoices or products.

Changing the applicable tax rate for an existing tax

Tax rates do sometimes change.

For example, on January 1st, 2024, Estonia raised VAT from 20% to 22%.

Since it's not possible to edit a tax rate once it's been used, we suggest to create a new tax rate instead. This will ensure that all past invoices will use the previous tax rate, and new invoices can use the new tax rate.