Glossary
Income tax
Income tax is a tax on the profits of people or companies over a period, and it differs from sales tax.
What it means for a shop owner
It is worked out on profit, not on sales, and its rules and rates vary a lot from country to country. Small businesses may fall under a simpler scheme. Leave the calculation to an accountant who knows your law.
A worked example
Take a profit of 12000: the tax is your country's rate applied to that profit.
Related
Try it in your shop, free, no card.
The free plan: the whole shop for one branch, an offline cashier with stock, debts and accounting, with a daily limit on invoices, expenses and purchase orders. What it includes