1. First let’s navigate to your Procurement Settings. For this step hover your mouse over the Settings menu on your left, and click on Procurement Settings.
2. On this page, next to the Tax rate, type in the name of your new Tax rate.
3. A new screen will pop up. Here you will want to enter the actual Tax rate, make sure it is a number between 0 and 1. i.e. type 0.075 for 7.5%
4. Click Save at the bottom of the Procurement Settings page. Select “Yes, apply to all the categories in this project” if you will be using the new Tax rate for the entire project, or "No, apply to All Category View only". Click Save after selecting.
5. In case you may need a second Tax rate, you can navigate again to the Procurement Settings page, and click + Add second tax. There, you will be prompted to fill in the same fields from above, and your second Tax rate will be set up.
6. Going forward the new Procurement documents you create will have this new Tax rate. The example below shows a Client Proposal. The Tax rate % and the amount breakdown will be calculated automatically.
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