TRS Tax Rate

To provide information for a change in filing requirements for a particular tax type

Position

Element

Name

Type

Requirement

Min

Max

Repeat

TRS01

Action Code

Identifier (ID)

Mandatory

Code indicating type of action

TRS02

Free-form Description

String (AN)

Optional

Free-form descriptive text

TRS02 is used for class of goods or services.

TRS03

Percentage as Decimal

Decimal number (R)

Optional

Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)

TRS03 is used for the tax rate.

TRS04

Yes/No Condition or Response Code

Identifier (ID)

Optional

Code indicating a Yes or No condition or response

TRS04 is used to indicate that the tax rate applies within jurisdiction (resident) (Y) or outside of jurisdiction (non-resident) (N).

TRS05

Rate Application Code

Identifier (ID)

Optional

Code identifying the location at which the tax rate is applied