Odoo 16 Community Book

Fiscal Position

Fiscal Position in Odoo will assist you to easily fix the tax computation in accordance with your company tax policies. It is possible to map taxes and accounts with concerned tax and accounts with respect to the countries or a group of countries. You can use the Fiscal Position feature available in Odoo to configure suitable rules so that the system can automatically choose the taxes and accounts of a country when you are doing business transactions.

To get access to the platform to define various Fiscal Positions, go to the Configuration menu of the Odoo Invoicing module. The window will show the list of pre-configured fiscal positions. From this window you can create a new fiscal position using the New button.

Provide the name of the new Fiscal Position in the given field. The name of the Company will be available in the corresponding field. If you want to apply this fiscal position automatically, you can activate the Detect Automatically option. The tax ID of your company in the region mapped by this fiscal position can be added in the Foreign Tax ID field. By mentioning the Country, the fiscal position will be applied only when the delivery country matches.

In the Tax Mapping tab, mention the Tax on Product and Tax to Apply details using the ‘Add a Line’ option. Odoo will use these details to map taxes. You can add Legal Notes which will later appear on invoices.

In the Account Mapping field, you can mention the Account on Product and Account to Use Instead details which will help you to map accounts. You can configure new fiscal positions in Odoo like this.

In the Settings menu of the module, you will get the Fiscal Country option under the Taxes tab which can be used to mention the domestic country of your accounting.