Glossary
Tax-exempt
Tax-exempt describes an item, customer or activity on which the law charges no tax.
What it means for a shop owner
Do not add tax to exempt sales, and you usually cannot deduct input tax linked to them. Keep proof of the exemption, such as the customer certificate. Check the law when in doubt.
A worked example
Books sell for 400 without tax. The invoice is 400 only, with no tax line.
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