Edit a tax rate

Edit a tax rate, including default tax rates. There are some tax rates you can't edit.

About editing tax rates

  • The edited rate will apply to new transactions. Existing transactions retain the rate at the time they were entered, unless you edit the transaction.
  • If the ATO changes a tax rate, add a new rate rather than editing the existing rate. You may need to enter historic transactions using the old rate. Give the new rate a name that distinguishes it from the old rate.

Rates you can and can't edit

You can edit:

  • A locked tax rate, as long as it hasn't been used in a transaction.
  • A tax rate name, even if it is used in a transaction.
  • A component name, even if it is used in a transaction.
  • A component of the tax rate, as long as it hasn't been used in a transaction.

You can't edit the following tax rates:

  • 'BAS Excluded (0%)' as it is used by Xero system accounts.
  • 'GST on Imports/Capital Imports' as they are used by the GST Calculation Worksheet for tax that is fully refundable.
  • Tax rates and fields that are greyed out.

Edit a rate

  1. On the Settings menu, select General Settings.
  2. Under the Organisation heading, click Tax Rates.
  3. Click any tax rate to see the rate's details.
  4. Make your changes.
  5. Click Save.