Overview

A Tax Rate is the percentage at which an individual or corporation is taxed.

The Tax Rates Data Model represents the percentage at which an individual or corporation is taxed. This unified model provides a unified representation of tax rates across various accounting platforms.

• Unified tax rate properties: Essential tax rate details, such as name, code, effective tax rate, and total tax rate, are standardized across different accounting platforms
• Tax components support: The data model encompasses an array of individual tax components, enabling the representation of complex tax structures and relationships between components
• Effective tax rate calculation: The model accounts for the compounding effects of all tax components, providing an accurate effective tax rate for each entry

Attributes

Tax Rates Attributes

Property	Type	Description
rootfi_id	integer	Unique identifier assigned by Commenda for this tax rate
rootfi_created_at	string	Timestamp when this record was created in Commenda’s system (ISO 8601)
rootfi_updated_at	string	Timestamp when this record was last updated in Commenda’s system (ISO 8601)
rootfi_integration_type	enum
platform_id	string	Unique identifier for this tax rate in the source accounting platform
name	string	The display name of the tax rate
code	string	The simple ID or code for the tax rate
rate	double
tax_type	string	The type of tax as mentioned in the accounting platform
effective_tax_rate	double	The total tax rate after accounting for the compounding effects of all tax components
total_tax_rate	double	The sum of all the tax rate components
components	object	The list of tax rate components
jurisdiction	string
status	enum
created_at	string
updated_at	string	The date and time the tax rate was last updated

Properties Supported

Fields accepted when creating or updating a record:

Property	Type	Description
platform_id	string	Unique identifier for this tax rate in the source accounting platform
name	string	The display name of the tax rate
code	string	The simple ID or code for the tax rate
rate	double
tax_type	string	The type of tax as mentioned in the accounting platform
effective_tax_rate	double	The total tax rate after accounting for the compounding effects of all tax components
total_tax_rate	double	The sum of all the tax rate components
components	object	The list of tax rate components
jurisdiction	string
status	enum
created_at	string
updated_at	string	The date and time the tax rate was last updated