Tax rate types
Define tax rate types to specify tax rate classifications corresponding to base tax
rates, such as taxable and nontaxable. Use tax rate type codes to identify the type of tax,
such as sales tax, internal tax, excise tax, or an import tax.
Define tax codes to apply to materials and purchases. Tax codes represent the definition of tax coding structure that consists of a tax rate type, a tax rate code, a value for tax rate code, a tax code, and a value for the tax code.