Use this activity to create user-defined tax liability types.
A user-defined tax liability must be linked to one of the three system-defined tax liability types, which are Taxable,
Exempt, and Surcharge. These three types determine the nature of tax liability when they are linked to a customer,
supplier, or company. Taxable indicates that the entity is liable for tax. Exempt indicates that the entity is not liable to pay tax. Surcharge indicates that
the entity is liable for both normal tax and surcharge tax.
There are no prerequisites.
As a result of this activity, reports and invoice documents will be affected by the country-specific tax liabilities.