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
TRS-01
Action Code
Identifier (ID)
Mandatory
1
2
-
Code indicating type of action
TRS-02
Free-form Description
String (AN)
Optional
1
45
-
Free-form descriptive text
TRS02 is used for class of goods or services.
TRS-03
Percent
Decimal number (R)
Optional
1
10
-
Percentage expressed as a decimal
TRS03 is used for the tax rate.
TRS-04
Yes/No Condition or Response Code
Identifier (ID)
Optional
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).
TRS-05
Rate Application Code
Identifier (ID)
Optional
2
2
-
Code identifying the location at which the tax rate is applied