# Tax & Currency Management

Configure tax rates and currency settings for your business

### Total Tax Rates

12

Active tax configurations

### Default Tax Rate

18%

Standard VAT rate

### Tax Revenue

$24,580

This month

### Tax Rates

Tax Name | Rate | Type | Status | Created | Actions
--- | --- | --- | --- | --- | ---
Standard VAT Default tax rate | 18.00% | VAT | Active | Jan 15, 2024 |
Reduced VAT For essential goods | 5.00% | VAT | Active | Jan 15, 2024 |
Service Tax For services | 12.00% | Service Tax | Active | Jan 20, 2024 |
Luxury Tax For luxury items | 28.00% | Luxury Tax | Inactive | Feb 01, 2024 |

### Total Currencies

5

Supported currencies

### Base Currency

USD

United States Dollar

### Exchange Rate Updates

Daily

Auto-update enabled

### Currency Management

Currency | Code | Symbol | Exchange Rate | Status | Actions
--- | --- | --- | --- | --- | ---
$ US Dollar Base currency | USD | $ | 1.00 | Active |

### Tax Configuration Settings

Default Tax Calculation
Tax Rounding

### Add Tax Rate

Tax Name *
Tax Rate (%) *
Tax Type *
Description
Set as active

### Add Currency

Currency Name *
Currency Code *
Currency Symbol *
Exchange Rate *
Set as active