Tax type

Use Tax Type to identify which party in the transaction is responsible for the specified tax listed. Tax Type provides one level of organization to support financial management of the account and risk file. 

In all cases, the Tax Type identifies which party is responsible for paying the tax and which party is responsible for remitting the tax to the appropriate authorities. 

The taxes agreed to at binding should not be changed during an amendment to a bound risk.

Quick tip! To learn more about Tax Types, read about how to Keep my Account in Order in the Knowledge Centre.

Disclaimer! The Knowledge Centre covers all features of the Glide platform. Some details in this article may not be applicable to your version of Glide.