Enabling Taxable Rates for Mileage
In this article, you'll learn how to enable taxable rates for mileage and specify taxable amounts for mileage rates in case your company wants to reimburse its employees more than the tax-free rates set by the government.
Enabling taxable rates for mileage
To enable taxable rates for mileage, follow these steps:
- Search
for and select Expense Management Setup. - In the Mileage FastTab, select Enable Taxable Rates.
Specifying taxable amounts for mileage rates
For taxable rates to work, you also need to specify taxable amounts for mileage rates, and here's how you do this:
- Search
for and select Mileage Rates. - On the action bar, select Edit List.
- In the Taxable Rate (LCY) column, specify the taxable rate.