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SETTING ISLEBOOKS POS FOR MALDIVIAN USERS OR OTHER COUNTRY WITH GST SUPPORT.

Tax Configuration (Maldives)

IsleBooks POS is pre-configured for Maldivian businesses, making tax setup quick and compliant with local requirements.

When creating your business, the system automatically configures the appropriate tax rates based on the selected business industry.

For most businesses, no manual tax configuration is required.

Default Tax Rates

Depending on your business type, IsleBooks automatically creates the required tax rates, such as:

  • GST

  • TGST (Tourism GST)

  • Zero Rated

These tax rates are available immediately for use when creating products and recording purchases or sales.

Editing Tax Rates

If tax rates change due to government regulations, they can be updated from:

Settings → Tax Rates

From here you can:

  • Create new tax rates

  • Edit existing tax rates

  • Create tax groups

  • Configure tax classifications

  • Configure accounting GL accounts (if Accounting is enabled)

Note: Editing the default tax configuration is generally not recommended unless tax regulations have changed or you understand the accounting implications.

Applying Taxes to Products

Each product can have its own tax rate.

When creating or editing a product:

  1. Go to Inventory → Products.

  2. Select the appropriate Tax Rate.

  3. Save the product.

The selected tax is automatically applied during purchases and sales.

Tourism Businesses & Green Tax

If your business operates in the tourism industry, IsleBooks can automatically calculate Green Tax.

To enable this:

  1. Enable the Hotel Module.

  2. Go to Settings → Stores.

  3. Edit the hotel property.

Configure:

  • Establishment Type

  • Island Type

  • Number of Registered Rooms

  • Room Prefix

These settings are used by IsleBooks when calculating Green Tax according to Maldivian regulations.

Each hotel property can have its own configuration.

Activity Numbers

Each business location can store its own GST Activity Number.

To configure this:

  1. Go to Settings → Stores.

  2. Edit the business location.

  3. Enter the GST Activity Number.

  4. Save the changes.

This information is used when generating tax reports and exports.

Zero-Rated Products

Products that qualify for Zero Rating can be assigned the Zero Rated tax when creating or editing the product.

The system will automatically calculate tax at 0% while still recording the transaction correctly for reporting purposes.

Tax Reporting

All purchases and sales automatically record the applicable tax.

Tax information is used throughout IsleBooks, including:

  • Purchase Transactions

  • Sales Transactions

  • Tax Reports

  • Accounting (if enabled)

  • MIRA-compatible reporting and exports

This helps ensure tax calculations remain consistent across the system.

Best Practices

  • Use the default tax rates provided by IsleBooks whenever possible.

  • Only modify tax rates when required by changes to government regulations.

  • Assign the correct tax rate to each product.

  • Configure GST Activity Numbers for every business location.

  • For tourism businesses, complete the hotel property settings to ensure Green Tax is calculated correctly.

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