How to Add a New Tax Tax Name: Enter the tax name (e.g., GST). Tax Rate: Input the tax rate as a number (e.g., 5 for 5%). Tax Number / ID: Enter the tax identification number. Details: Provide additional information (e.g., applicable rules or regions). Show Tax Name on Invoices: Select Yes or No. Example Tax Name: GST Tax Rate: 5 Tax Number / ID: GST-12345678 Details: Goods and Services Tax applicable to regional sales. Show Tax Name on Invoices: Yes