To specify the tax information and/or amount and to be used for tax information only as established by taxing authorities
Monetary amount
Data in fixed format agreed upon by sender and receiver
TIA03 is tax data as defined by taxing authorities established by the code in TIA01.
Numeric value of quantity
Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)
Monetary amount
TIA07 is a tax rate expressed as a flat fee.
