Change the default tax label and tax percent that will be used when creating new products
Do you sell your products at rates inclusive of Tax?
Select if your company product prices are without tax included.
Select if your product prices are with tax included.
Default Discount Type
This option is used to select default discount type that will be used when adding a product to deal.
If your company usually gives percent based discounts, you should select the percent type, otherwise select the currency discount type to have the fixed amount discount type selected by default.