Non Standard Tax Configuration

Configuration - Stamp Duty and WHT for Overseas Insurer

1. Business Entity - Tax or Levy Authority

a. Under ‘Business Entities’, create a new entity under ‘Tax or Levy Authority’

called ‘Stamp Duty Offshore’

i. The ‘Offshore’ is for futureproofing incase New Zealand brings in

Stamp Duty as a tax as well

Under ‘Business Entities’, create a new entity under ‘Tax or Levy Authority’ called ‘WHT’

1. Update the calculation percentage 

1. Under ‘Business Entities’, create a new entity under ‘Tax or Levy Authority’ called ‘GST (Aus)’

   1. This is to differentiate between New Zealand and Australian GST
      
      

Then this taxes can assign to carrier contract under the carrier contract screen accordingly.