Posts Tagged ‘NYC Sales Tax’
In July the New York State Legislature voted to increase the NYC Local Sales and Use Tax Rate to 4.5% (click on link at the end of this post for the Official PDF). This rate change will be effective August 1, 2009.
To change the sales tax percentage in your Dynamics GP applicaton, you will need to make the change to the Tax Detail record that is used in the Tax Schedule ID assigned to NYC customers.
Tools >> Setup >> Company >> Tax Details
Once this is done, any new orders/invoices will use the new rate.
Keep in mind that any existing orders or backorders will not recalculate when you transfer those to invoices. You will need to recalculate those manually.
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