When setting up your company, Budgeto asks in which country your business is located. This is because Budgeto has a pre-configured list of taxation rules for 10+ countries. If your country is not on this pre-configured list you will have to set up your taxation rules manually. By default, the tool uses global averages that may not be suitable for your country's tax regulations.
To change the income tax of a company follow these steps:
1- Select which company you want to change the income tax rate of. You can quickly access your list of companies by clicking on the ARROW next to your company name (near top-left).
For more information on how to access your list of companies, consult the following article:
How to access my list of companies
2- Next, click on the "Company Settings" button in the TOP MENU.
3- Once in the edit menu, you can access the income taxes menu by clicking the "Income taxes" button at the top right.
4- A new window will open in which you can modify your income taxes table and the assumptions of payment and reimbursement of corporate taxes.
4- As mentioned before, by default, the Income taxes table is automatically set to comply with the tax regulations of the country of your company. We do not advise you to change them.
If your country was not included in the pre-configured list of countries, you should manually set up your Income taxes. By default, the tool uses global averages that may not be suitable for your country's tax regulations.
5- Remember to click on the "SAVE" button in both the pop-up window and next to the "Edit a company" to save your changes.
Need help? These resources are for you!
1- There is a search bar at the top right of the screen, use it often!
Use words that you see on the section you are dealing with in order to search for related articles in our Knowledge Base.
2- If you haven't found an answer to your question, create a support ticket and our team will find an answer for you:
Click here to create a new ticket for help
3- If you have any other questions about Budgeto, write us an email at: email@example.com
Happy Budgeting and know that we are here for you if you need help!
The Budgeto Team
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Related articles (Please refer to the links below)
- How to change my user country/province/state?
- How to change the currency of a company?
- How to change the Sales tax of a company?
- How to change the Employer contribution of a company?