The regime-to-rate flow

Six objects, with one example carried through all of them. Tax regime: the tax system of a country or economic zone; it owns the country, the currency and the controls that cascade down. Tax: a specific tax within that regime — VAT, GST, sales tax. Tax status: the treatment category — standard, zero-rated, exempt. Not a rate. A classification. Tax jurisdiction: the geographic area where the tax applies, and it depends on the geography hierarchy you built earlier. Tax rate: the actual percentage, with effective dates, and multiple rates can hang off one status. Tax recovery rate: how much of the tax you can reclaim — often a hundred per cent, and often not. The chain, complete: national VAT regime → VAT → standard status → national jurisdiction → 15% rate → 100% recovery. Then the lesson breaks it on purpose so the flexibility is visible: a second rate under…

In this module: Module 7 · Tax

1. 1Why tax is the hardest module
2. 2The regime-to-rate flow
3. 3Building regime, tax, status, jurisdiction, rate
4. 4The determination process
5. 5Defaults vs. rules
6. 6Party tax profiles and registrations
7. 7Recovery and self-assessment
8. 8Making tax live and testing it
9. 9What breaksFree preview
10. 10Lab: two-country tax