Taxes Settings
** Understanding Property Tax Settings (Cloud)
Properties can configure several different types of taxes in Visual Matrix. Each tax type serves a different purpose and is applied in a different way. Understanding the differences between Revenue Taxes, Sales Taxes, Flat Taxes, and Tax-Inclusive ...
Flat Tax Settings (Cloud)
Flat Taxes are fixed-dollar taxes that are automatically charged per room, per night. Unlike Revenue Taxes and Sales Taxes, Flat Taxes are not percentage-based and are not assigned to specific accounting codes. Instead, they are automatically posted ...
Sales Tax Settings (Cloud)
Sales Taxes are percentage-based taxes that can be applied to non-room revenue transactions, such as restaurant charges, retail sales, parking fees, or other taxable services. Visual Matrix allows properties to create multiple Sales Tax Codes and ...
Revenue Tax Exemptions and Reductions (Cloud)
Some jurisdictions allow room revenue taxes to be reduced or removed after a guest stays a specified number of nights. Visual Matrix can automatically apply these tax reductions, generate tax credits when required, and determine whether complimentary ...
Tax-Inclusive Rates and Tax Presentation (Cloud)
Some countries require room rates to be displayed with taxes already included in the selling price. Visual Matrix supports tax-inclusive pricing by calculating the tax portion within the room rate rather than adding it separately. These settings ...
Revenue Tax Settings (Cloud)
Revenue taxes are taxes applied to room revenue. Visual Matrix allows properties to create and manage Revenue Tax Codes that can be assigned to revenue accounting codes for automatic tax calculation. Proper configuration ensures room taxes are ...