Welcome aboard to the Online Community, asif1akbar.
Updating the taxes rate can be done easily. You can go the Taxes page to change the information.
Here's how:
- Sign in first to your QBO company.
- On the left panel, choose the Taxes tab and pick VAT.
- In the VAT window, click on the drop-down for Edit VAT and select Edit rates.
- Choose the tax rate you’re working on and click on the Edit link to update the information.
- On the Edit tax rate page, type in the new rate in the field boxes.
- Click on Save.
Please perform the same steps for the other rates you’re changing.
Check out the Set up and edit VAT settings, VAT codes and VAT rates article for additional information.
Let me know if you need further assistance with any of these steps. I’ll jump right back in to help. Have a great rest of your day.