We are excited to announce a new feature in MinePOS version 9.3: Tax rate adjustment for VAT, GST, and HST! This feature provides flexibility for businesses to easily modify tax rates within a specific period, helping you comply with government-mandated temporary tax reductions.

Why is this feature important?

Governments often implement temporary tax reductions, such as lowering VAT, GST, or HST rates, to stimulate economic activity. Managing these changes efficiently ensures compliance while enhancing the customer experience.

Key features of the tax rate adjustment update

1. 1. Customizable tax rates by timeframe

      • Easily adjust VAT, GST, or HST rates for all products and services.
      • Set start and end dates for applying the new tax rate.

   2. Support for temporary tax reductions

      • Ideal for implementing government tax reduction policies, such as reducing VAT from 10% to 8% for a specific period.
      • Automatically reverts to the original tax rate after the set timeframe.

   3. Flexible tax management

      • Apply different tax rates for specific products or services.
      • Adapt quickly to local or national tax regulations.

   4. Detailed tax reporting

      • Accurately track transactions with adjusted tax rates.
      • Simplify tax reconciliation and filing for your business.

Important: Store's responsibility for tax settings

Please note that the store is fully responsible for setting the tax rates within the MinePOS system. MinePOS provides the tools to adjust VAT, GST, and HST tax percentages, but we do not assume any liability for errors or issues that may arise from incorrect tax settings. It is the store's responsibility to ensure tax rates are properly configured and comply with relevant regulations.

How to enable the tax adjustment feature

1. 1. Go to the Settings menu in MinePOS.
   2. Select Tax Setup.
   3. Add or edit tax exception:
      • Enter the new tax rate and define the effective period.
      • Save the changes to automatically apply them during sales transactions.

Who benefits from this feature?

• • Retailers implementing tax rate adjustments in line with government policies.
  • Businesses needing to adapt quickly to local tax regulations.
  • Service providers operating across regions with flexible tax rules.

Be prepared for tax changes with MinePOS

With the Tax Rate Adjustment feature, you can manage and comply with tax rate changes seamlessly, ensuring smooth operations for your business.

Better support, more effective management

This update is now available for all MinePOS users. If you need assistance, refer to our documentation or contact our support team.

A flexible future with MinePOS

At MinePOS, we strive to deliver smart, adaptable solutions that help businesses navigate challenges. The Tax Rate Adjustment feature is part of our ongoing mission to optimize business management.

Try this new feature today and ensure your business is ready for any tax rate changes!