diff --git a/erpnext/setup/setup_wizard/operations/taxes_setup.py b/erpnext/setup/setup_wizard/operations/taxes_setup.py
index 384673448b0..0faebb6ab4c 100644
--- a/erpnext/setup/setup_wizard/operations/taxes_setup.py
+++ b/erpnext/setup/setup_wizard/operations/taxes_setup.py
@@ -86,7 +86,10 @@ def simple_to_detailed(templates):
 
 def from_detailed_data(company_name, data):
 	"""Create Taxes and Charges Templates from detailed data."""
-	coa_name = frappe.db.get_value("Company", company_name, "chart_of_accounts")
+	charts_company_name = company_name
+	if frappe.db.get_value("Company", company_name, "create_chart_of_accounts_based_on"):
+		charts_company_name = frappe.db.get_value("Company", company_name, "existing_company")
+	coa_name = frappe.db.get_value("Company", charts_company_name, "chart_of_accounts")
 	coa_data = data.get("chart_of_accounts", {})
 	tax_templates = coa_data.get(coa_name) or coa_data.get("*", {})
 	tax_categories = data.get("tax_categories")