Taxes are set up automatically when you create your account and are determined based on your business address in Settings / Company.

Change a tax rate, with all older bookings, costs keeping their old tax rates and all new bookings use the new tax rate

Once you have added a new tax code at the company level. You can choose which tax would you like to apply to your booking page.

Here are few detailed articles on -

How do I edit/add the taxes on the booking pages?

How to display tax on my Booking Page?

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