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Taxes is the global tax library. Assign taxes to a specific menu/catalog from Menu / Catalog taxes, or to individual products from the product editor.
Taxes list with Name and Value

Taxes list with Name and Value.

How to get here

Home → Menu / CatalogTaxes.

Add or edit a tax

Use search, Add New, open a row titled Tax to edit, or Delete after confirmation. List columns: Name, Value.