Tax packs

Choose your country. Kanakku does the rest.

Pick your country during setup and Kanakku applies that country's tax pack: currency, tax regime and rates, a matching chart of accounts, the financial-year start and your timezone.

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How it works

1

Choose your country

One choice during company setup. India, the UK, the EU, the US, Australia and New Zealand each have a full pack.

2

Kanakku applies the pack

Currency, tax regime and rates, chart of accounts, financial-year start and timezone are set together.

3

Invoice and report

Tax is worked out on every line, posted to the right accounts, and read back in your tax reports.

Country, currency, tax regime and financial-year start are fixed once your first transaction is recorded.

Six full tax packs

Each one has its own tax calculation and its own return figures.

IN · Indian rupee (INR) India GST

GST slabs of 0.25%, 3%, 5%, 12%, 18% and 28%. April to March financial year.

See the India pack → GB · Pound sterling (GBP) UK VAT

20% standard, 5% reduced and 0% zero. April to March financial year.

See the United Kingdom pack → EU · Euro (EUR) EU VAT

The supplier member state's standard rate, plus 0% for reverse-charge and exempt lines. January to December financial year.

See the European Union pack → US · US dollar (USD) US sales tax

Rates from a library, matched on the customer's state. January to December financial year.

See the United States pack → AU · Australian dollar (AUD) Australia GST

10% GST. July to June financial year.

See the Australia pack → NZ · New Zealand dollar (NZD) New Zealand GST

15% GST. April to March financial year.

See the New Zealand pack →

Single-rate packs

These countries get their own currency, financial-year start and chart of accounts, with one tax rate that you configure applied per invoice line.

CountryTaxCurrencyFinancial year starts
SingaporeGSTSGDJanuary
United Arab EmiratesVATAEDJanuary
Saudi ArabiaVATSARJanuary
South AfricaVATZARMarch
JapanConsumption taxJPYApril

Every other country

If your country has no pack of its own, Kanakku uses a neutral one: a standard chart of accounts and a "No tax" rate, with USD and a January year as starting points you can change. It does not borrow another country's tax. You add your own rates under Settings, Tax.

Tax rules change. Check rates and filing requirements with your accountant; this page is not tax advice.

Frequently asked questions

Which countries have a full tax pack?
India (GST), the United Kingdom (VAT), the European Union (VAT), the United States (sales tax), Australia (GST) and New Zealand (GST).
What happens if my country isn't listed?
Singapore, the UAE, Saudi Arabia, South Africa and Japan have single-rate packs. Any other country uses a neutral pack with a standard chart of accounts and no preset tax, so you configure your own rates.
Can I change my country later?
Country, currency, tax regime and financial-year start are locked once you record your first transaction, so that your books stay consistent. Choose them during setup.
What does choosing a country actually change?
Currency, tax regime and default rates, the chart of accounts and its tax accounts, the financial-year start and the timezone.