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 your tax authority 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:

  • Tax rates that belong to a locked account, if they're not used in a transaction
  • Tax rate components, if they're not used in a transaction
  • Tax rate names and component names, even if they're used in a transaction

You can't edit:

  • Tax Exempt (0%) as it's used by Xero system accounts
  • Sales Tax on Imports as it is reserved for reporting sales tax that's 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.