We have updated Rentman's VAT system. You can now work with different schemes and classes for more flexible taxing options.
Note: these changes only apply to countries that use a VAT or GST system.
Why did we plan this update?
Our previous VAT system did not support changes in VAT rates without interfering with rates of previously created projects and invoices.
With the new system, changing the VAT rates will not be applied to previously created projects and invoices. So whenever a VAT rate in your country changes, you can set up a new scheme for projects to be created, while keeping your older ones at previous set rates.
Find out how it works
The changes are applied automatically to your account. Read this article to see how to set up new VAT schemes and classes for your account and projects.