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 rules for your company, follow these steps:
1- Start by opening the CONFIGURATION MENU by pressing on the gear icon on the top right, and then select "Company Settings" to open your company configurations.
2- Once in the edit menu, you can access the income taxes menu by clicking the "Income taxes" button at the top right.
3- 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.