CREATE A TAX-FREE WEEKEND

Follow the steps below to create a class-based tax-free weekend. RICS recommends creating a tax-free weekend in advance to allow time for auditing and adjusting the setup as needed.

TAX-FREE WEEKEND WITHOUT A THRESHOLD

1. In the RICS Back Office, navigate to Setup :: Manage Store :: Tax Setup

2. To select a store, enter or search for the store number in the Store Number field

Note: After the store is selected, the current tax categories will display.

3. In the Categories list, locate and select the tax category under which to create a tax-free weekend

Note: After the tax category is selected, a Tax Rate window will display.

4. In the Tax Rate window, click Add

5. Select and enter the tax rate options

Tax Rate Options:

Start Date – Enter the tax-free weekend start date.

Rate – Leave at zero.

Class Filter – Select the classes under which to exclude a tax rate.

End Date – Enter the tax-free weekend end date.

Note: The tax-free weekend will end and revert to the current tax rate at 11:59pm on the assigned end date.

6. Click Update

Note: If a class or classes are selected in Step 5, a class-based tax-free rate line will display for each class.

TAX-FREE WEEKEND WITH A THRESHOLD

1. In the RICS Back Office, navigate to Setup :: Manage Store :: Tax Setup

2. To select a store, enter or search for the store number in the Store Number field

Note: After the store is selected, the current tax categories will display.

3. In the Categories list, locate and select the tax category under which to create a tax-free weekend

Note: After the tax category is selected, a Tax Rate window will display.

4. In the Tax Rate window, click Add

5. Select and enter the tax rates options

Tax Rate Options:

Start Date – Enter the tax-free weekend start date.

Rate – Enter the normal tax rate.

Class Filter – Select the classes under which to apply a tax rate.

TOT (Tax Over Threshold) – Enter the dollar amount at which tax will begin to be charged. For example, if items $100 and below are tax exempt, enter $100.

OTOT (Only Tax Over Threshold) – Click to only charge tax on the dollar amount exceeding TOT. For example, if the threshold is $100 and an item is purchased for $125, click this checkbox to only charge tax on $25 of the item cost.

End Date – Enter the tax-free weekend end date.

Note: The tax-free weekend will end and revert to the current tax rate at 11:59pm on the assigned end date.

6. Click Update

Note: If a class or classes are selected in Step 5, a class-based tax-free rate line will display for each class.

DELETE A TAX-FREE WEEKEND

Follow the steps below to delete a tax-free weekend.

1. In the RICS Back Office, navigate to Setup :: Manage Store :: Tax Setup

2. To select a store, enter or search for the store number in the Store Number field

Note: After the store is selected, the current tax categories will display.

3. In the Categories list, locate and select the tax category under which to delete a class-based tax rate 

4. Click the checkbox to the left of the tax rate(s) to be deleted

5. Click Delete

6. Click Yes when prompted to delete the tax rate(s)