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 Tax Rounding Using Discreet and Bundled Taxes Posted by Jeff Tweddale on 10 Oct 2018 11:18 AM Properties can place many tax values on their RENT Item (rate applied as a Charge nightly).  BookingCenter rounds most currencies to the third decimal point, to leave a 2-decimal value.  We follow the generally-accepted norms in how rounding occurs: .005 upward, round to .01; .004 less, to .00 There are times in which a property will 'add up all taxes' (ie, bundling) and get a rounding that is different than if they apply the taxes discreetly.  If a property wishes to have simple taxes (such as one tax applied for 17%) then rounding may occur differently than if they apply the taxes discreetly.   Take an example of a Rate of \$95 that has 4 taxes that would total 17% if added together.  When they are discreetly posted from the base rate of \$95, the taxes would like like:   Occupancy: 6, on \$95= 5.70 Local Tax: 8.5, on \$95= 8.075 (which rounds to 8.08) County Venue Tax: .5, on \$95= .475  (which rounds to .48) CITY VENUE TAX: 2, on \$95= 1.90   Add these taxes up and one gets: \$16.16   But if they were summed into a single tax (17%) posted from the base rate of \$95, that tax value would be: \$16.15   Luckily, tax authorities respect generally-accepted norms of rounding, and as long as a property is consistent in how their taxes are being applied, will suport a merchant's use of either discreetly showing taxes, or bundling them into a single value. (0 vote(s)) Helpful Not helpful