diff --git a/src/CONST.ts b/src/CONST.ts
index 47caa5e64a90..c57ac575f7e6 100755
--- a/src/CONST.ts
+++ b/src/CONST.ts
@@ -4153,6 +4153,7 @@ const CONST = {
         },
     },
 
+    MAX_TAX_RATE_INTEGER_PLACES: 4,
     MAX_TAX_RATE_DECIMAL_PLACES: 4,
 } as const;
 
diff --git a/src/pages/workspace/taxes/ValuePage.tsx b/src/pages/workspace/taxes/ValuePage.tsx
index 4ec932fbcc14..392fb90bbd22 100644
--- a/src/pages/workspace/taxes/ValuePage.tsx
+++ b/src/pages/workspace/taxes/ValuePage.tsx
@@ -91,8 +91,8 @@ function ValuePage({
                                 hideCurrencySymbol
                                 // The default currency uses 2 decimal places, so we substract it
                                 extraDecimals={CONST.MAX_TAX_RATE_DECIMAL_PLACES - 2}
-                                // We increase the amount max length. We have to add 2 places for one digit and comma.
-                                amountMaxLength={CONST.MAX_TAX_RATE_DECIMAL_PLACES + 2}
+                                // We increase the amount max length to support the extra decimals.
+                                amountMaxLength={CONST.MAX_TAX_RATE_DECIMAL_PLACES + CONST.MAX_TAX_RATE_INTEGER_PLACES}
                                 extraSymbol={<Text style={styles.iouAmountText}>%</Text>}
                                 ref={inputCallbackRef}
                             />
diff --git a/src/pages/workspace/taxes/WorkspaceCreateTaxPage.tsx b/src/pages/workspace/taxes/WorkspaceCreateTaxPage.tsx
index 9d7c1a400870..e76e57768963 100644
--- a/src/pages/workspace/taxes/WorkspaceCreateTaxPage.tsx
+++ b/src/pages/workspace/taxes/WorkspaceCreateTaxPage.tsx
@@ -108,8 +108,8 @@ function WorkspaceCreateTaxPage({
                                         hideCurrencySymbol
                                         // The default currency uses 2 decimal places, so we substract it
                                         extraDecimals={CONST.MAX_TAX_RATE_DECIMAL_PLACES - 2}
-                                        // We increase the amount max length. We have to add 2 places for one digit and comma.
-                                        amountMaxLength={CONST.MAX_TAX_RATE_DECIMAL_PLACES + 2}
+                                        // We increase the amount max length to support the extra decimals.
+                                        amountMaxLength={CONST.MAX_TAX_RATE_DECIMAL_PLACES + CONST.MAX_TAX_RATE_INTEGER_PLACES}
                                         extraSymbol={<Text style={styles.iouAmountText}>%</Text>}
                                     />
                                 </View>