Why product classification matters
Different products and services are taxed differently depending on the jurisdiction. For example:- Software may be taxable in one state but exempt in another
- Food products may have a reduced rate
- Professional services may not be subject to indirect tax
Managing products
Go to Indirect Tax and click the Products tab to view and manage your product catalog. For each product, you can set:- Product name — a descriptive name
- Product category — the type of product or service
- Tax code — the specific tax classification
- Description — additional details