What is an EDI 150 Tax Rate Notification?
An EDI 150 Tax Rate Notification transmits information about tax rates to the concerned authorities. The data contents and format of an EDI 150 Tax Rate Notification are used for the electronic interchange of information. Divided into various segments and data elements, the standard may include the following information:
- Reference identification
- Address information
- Identification code
Workflow for the Exchange of an EDI 150 Tax Rate Notification
Befalling under the category of X12G Government, the EDI 150 transaction set is used by tax authorities for the exchange of information regarding tax rates. Details of tax are mapped onto the EDI 150 format for notifying taxpayers about the tax rate.
Stay EDI Compliant with EDIConnect
Simplifying the process of sending and receiving EDI messages, EDIConnect is designed for handling all X12, EDIFACT, and HL7 transaction sets. Featuring a built-in translator, validator, and transaction builder, EDIConnect facilitates communication among trading partners, streamlining the process of information exchange.