How Tax Rounding Works in Wafeq

Wafeq rounds tax amounts to two decimal places (0.01) by default.

For example, if the calculated VAT is 6.578 SAR, the system will automatically round it to 6.58 SAR.

This approach follows International Financial Reporting Standards (IFRS). As a result, you may notice slight differences in some figures due to this rounding.

In this guide, we’ll explain how rounding works in Wafeq, its impact on your financial records, and walk through a real example to clarify it.

Where Does Rounding Appear in Wafeq?

Rounding appears in all documents that include Tax calculations, such as sales invoices, bills, and both debit and credit notes.

In the following example, we opened a sales invoice by going to the “Sales” section in the main menu and selecting “Sales Invoices”.

After selecting a specific invoice and scrolling to the Products and Services section, here’s what we see:

This invoice contains a single item with a unit price of 49.90 SAR and a quantity of 9.

As a result, the subtotal before VAT is:
49.90 × 9 = 449.10 SAR

A 15% VAT is applied to this amount, which results in a calculated tax of:
449.10 × 15% = 67.365 SAR

Wafeq automatically rounds this value to two decimal places, so the displayed tax becomes:
67.37 SAR