Tax rates for 55 countries, built in.
Start invoicing in a new market and its standard rates are already set up. Tax you collect and tax you pay go to separate accounts on their own, and Indian GST splits into CGST, SGST and IGST without any setup.
Every rate names a liability account for tax you collect and an asset account for tax you paid. Choosing it on the invoice is the whole decision.
The catalogue
Browse the rates for every country.
Pick a country to see its rates. India shows how one rate splits into parts, and the last tab covers the four countries we list without rates, because their taxes vary too much to guess at.
Per-jurisdiction VAT, GST and sales-tax catalogue. Each rate routes to a liability account (output, on sales) and an asset account (input, on purchases) when a journal posts.
| Code | Name | Rate | Components | Output account | Input account | |
|---|---|---|---|---|---|---|
| IN-GST-0 | GST 0% (Exempt) | 0.00% | - | 2320 · Tax Payable, Sales Tax / VAT | 1450 · Input VAT / GST Receivable | |
| IN-GST-5-INTRA | GST 5% Intra-state | 5.00% | CGST 2.5% + SGST 2.5% | 2320 · Tax Payable, Sales Tax / VAT | 1450 · Input VAT / GST Receivable | |
| IN-GST-5-INTER | IGST 5% Inter-state | 5.00% | IGST 5% | 2320 · Tax Payable, Sales Tax / VAT | 1450 · Input VAT / GST Receivable | |
| IN-GST-12-INTRA | GST 12% Intra-state | 12.00% | CGST 6% + SGST 6% | 2320 · Tax Payable, Sales Tax / VAT | 1450 · Input VAT / GST Receivable | |
| IN-GST-12-INTER | IGST 12% Inter-state | 12.00% | IGST 12% | 2320 · Tax Payable, Sales Tax / VAT | 1450 · Input VAT / GST Receivable | |
| IN-GST-18-INTRA | GST 18% Intra-state | 18.00% | CGST 9% + SGST 9% | 2320 · Tax Payable, Sales Tax / VAT | 1450 · Input VAT / GST Receivable | |
| IN-GST-18-INTER | IGST 18% Inter-state | 18.00% | IGST 18% | 2320 · Tax Payable, Sales Tax / VAT | 1450 · Input VAT / GST Receivable | |
| IN-GST-28-INTRA | GST 28% Intra-state | 28.00% | CGST 14% + SGST 14% | 2320 · Tax Payable, Sales Tax / VAT | 1450 · Input VAT / GST Receivable | |
| IN-GST-28-INTER | IGST 28% Inter-state | 28.00% | IGST 28% | 2320 · Tax Payable, Sales Tax / VAT | 1450 · Input VAT / GST Receivable |
A multi-component jurisdiction splits one rate into named parts, and the parts must sum to the total. Eighteen percent within a state is CGST nine plus SGST nine; the same eighteen across a state line is a single IGST eighteen, and they are separate rates because they post differently.
Indian GST splits into CGST, SGST and IGST on its own.
What a rate holds
What's on a rate.
A rate here is more than a percentage. Each one also knows which accounts the tax goes to and when it applies.
Tax added to your sales goes here. This is what you owe the authority.
Tax on your purchases goes here. This is what you can claim back.
For countries that split a rate, like India's CGST and SGST, the named parts and their percentages. They always add up to the total.
Sales, purchases, or both. A rate that only applies to one side is only offered there.
One rate per country is the standard one, used unless you pick another.
HSN and SAC codes link products and services to a rate, so an invoice picks the right rate from what is being sold.
Tax you collect and tax you pay stay separate.
Every rate names both accounts, so tax from each sale and each purchase goes to the right place automatically.
- Tax on a sale goes to the account for what you owe
- Tax on a purchase goes to the account for what you can claim back
- See what you owe and what you can reclaim as two separate balances
- Apply a different rate to each invoice line when you need to
- Set one rate per country as the default, used unless you pick another
Standard rates are ready for 51 countries.
The day you start, the usual rates are already in place, and every one of them is yours to edit.
- Start with the standard rates instead of researching them
- Add a country and its standard rates come with it
- Edit any rate whenever the law changes
- Link HSN and SAC codes so the right rate follows the product
- Keep zero-rated and exempt as separate rates, because they are not the same thing
Coverage
Fifty-five countries.
Standard rates ready to use from day one. Edit any of them, because tax rules change and your rates are yours.
What it does not do.
NearSync applies the right rate and puts it in the right account. It does not file anything with a tax authority; submitting your return is still your accountant's job.
Access
Who can do what.
Anyone raising an invoice picks from the rates already set up. Bigger changes are kept to higher roles: changing the accounts tax goes to affects every invoice after it, and adding a country commits the company to reporting there.
See the rates for the countries you invoice in.
Pick a rate on an invoice line.
Add rates, and link product codes to them.
Add a country, and choose which accounts tax goes to.
Admin is the highest role and is not limited by these permissions, so keep it to the small group of people who genuinely need it.