You can now track tax on mileage expenses!
We’re back to announce that Tax Tracking on distance expenses is now live!
Tell me more...
If you have tax enabled on your policy, you can now also enable tax tracking on distance expenses. Just head to Settings > Policies > [Policy Name] > Expenses > Distance.
When Track Tax is enabled you can enter the portion of the distance rate that tax can be reclaimed on and select the tax rate that applies. Expensify will then work out the correct tax reclaim for you!
Here is how it will work:
And this is how the reclaimable tax amount will display on the expense:
This information will export to all direct and indirect integrations with accounting systems. For more information check our post on how-to set mileage rates.
Happy tax reclaiming!