Sequence
Element
Name
Type
Requirement
Min
Max
Repeat
01
Action Code
Identifier (ID)
Mandatory
1
2
1
Code indicating type of action
02
Free-form Description
String (AN)
Optional
1
45
1
Free-form descriptive text
TRS02 is used for class of goods or services.
03
Percentage as Decimal
Decimal number (R)
Optional
1
10
1
Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through
100%)
TRS03 is used for the tax rate.
04
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
1
1
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).
05
Rate Application Code
Identifier (ID)
Optional
2
2
1
Code identifying the location at which the tax rate is applied