fmLocationTaxes - Locations and Taxes Section
This section allows you to manage your Countries, Tax Zones, Tax rates, Currencies in one place, thus in this way saves your time.
You can use Main Menu drop-down to set-up Location and taxes.
This section is broken into a few Tabs. Each of them looks like a table with a standard set of management tools that allows you to add, edit or delete data. The consecution of these tabs was based on logical steps to reach the goal of creating the proper Taxation at your store.
Countries Tab lists the Countries, their ISO codes and the Address standard used in this country. Then you can go to the Zones tab to break some countries into zones if needed.
Tax Zones can include multiple countries and/or country zones. In Tax Rates tab you can specify the tax rates for some Tax Zone and Tax Class combination. Please note that Tax Zone and Tax Class can only be selected from currently available ones.
In this section you can find a table that lists all currencies that are used in your store. Here you can select Default Currency and specify the reference (price modification) rate.
Store manager allows you to update the rates automatically, using European Central Bank data. Its reference rates are based on the regular daily coordination procedure between central banks within and outside the European System of Central Banks. These rates are available through Exchange Reference Rates tab of the Currencies section.