diff --git a/src/app/products/manage-tax-components/edit-tax-component/edit-tax-component.component.html b/src/app/products/manage-tax-components/edit-tax-component/edit-tax-component.component.html
new file mode 100644
index 000000000..92c27e7d0
--- /dev/null
+++ b/src/app/products/manage-tax-components/edit-tax-component/edit-tax-component.component.html
@@ -0,0 +1,60 @@
+<div class="container">
+
+  <mat-card>
+
+    <form [formGroup]="taxComponentForm" (ngSubmit)="submit()">
+
+      <mat-card-content>
+
+        <div fxLayout="column">
+
+          <mat-form-field>
+            <mat-label>Name</mat-label>
+            <input matInput required formControlName="name">
+            <mat-error *ngIf="taxComponentForm.controls.name.hasError('required')">
+              Name is <strong>required</strong>
+            </mat-error>
+          </mat-form-field>
+
+          <mat-form-field>
+            <mat-label>Percentage</mat-label>
+            <input matInput required formControlName="percentage">
+            <mat-error *ngIf="taxComponentForm.controls.name.hasError('required')">
+              Percentage is <strong>required</strong>
+            </mat-error>
+          </mat-form-field>    
+
+          <mat-form-field *ngIf="taxComponentData.creditAccountType.value">
+            <mat-label>Credit Account Type</mat-label>
+            <input matInput formControlName="creditAccountType">
+          </mat-form-field> 
+
+          <mat-form-field *ngIf="taxComponentData.creditAccount.name">
+            <mat-label>Credit Account</mat-label>
+            <input matInput formControlName="creditAccount">
+          </mat-form-field> 
+        
+          <mat-form-field>
+            <mat-label>Start Date</mat-label>
+            <input matInput [min]="minDate" [matDatepicker]="startDatePicker" required formControlName="startDate">
+            <mat-datepicker-toggle matSuffix [for]="startDatePicker"></mat-datepicker-toggle>
+            <mat-datepicker #startDatePicker></mat-datepicker>
+            <mat-error *ngIf="taxComponentForm.controls.startDate.hasError('required')">
+              Start Date is <strong>required</strong>
+            </mat-error>
+          </mat-form-field>
+
+        </div>
+
+      </mat-card-content>
+
+      <mat-card-actions fxLayout="row" fxLayout.xs="column" fxLayoutAlign="center" fxLayoutGap="5px">
+        <button type="button" mat-raised-button [routerLink]="['../']">Cancel</button>
+        <button mat-raised-button color="primary" [disabled]="!taxComponentForm.valid">Submit</button>
+      </mat-card-actions>
+
+    </form>
+
+  </mat-card>
+
+</div>
diff --git a/src/app/products/manage-tax-components/edit-tax-component/edit-tax-component.component.scss b/src/app/products/manage-tax-components/edit-tax-component/edit-tax-component.component.scss
new file mode 100644
index 000000000..d774f68da
--- /dev/null
+++ b/src/app/products/manage-tax-components/edit-tax-component/edit-tax-component.component.scss
@@ -0,0 +1,3 @@
+.container {
+  max-width: 37rem;
+}
diff --git a/src/app/products/manage-tax-components/edit-tax-component/edit-tax-component.component.spec.ts b/src/app/products/manage-tax-components/edit-tax-component/edit-tax-component.component.spec.ts
new file mode 100644
index 000000000..4de1f6c84
--- /dev/null
+++ b/src/app/products/manage-tax-components/edit-tax-component/edit-tax-component.component.spec.ts
@@ -0,0 +1,25 @@
+import { async, ComponentFixture, TestBed } from '@angular/core/testing';
+
+import { EditTaxComponentComponent } from './edit-tax-component.component';
+
+describe('EditTaxComponentComponent', () => {
+  let component: EditTaxComponentComponent;
+  let fixture: ComponentFixture<EditTaxComponentComponent>;
+
+  beforeEach(async(() => {
+    TestBed.configureTestingModule({
+      declarations: [ EditTaxComponentComponent ]
+    })
+    .compileComponents();
+  }));
+
+  beforeEach(() => {
+    fixture = TestBed.createComponent(EditTaxComponentComponent);
+    component = fixture.componentInstance;
+    fixture.detectChanges();
+  });
+
+  it('should create', () => {
+    expect(component).toBeTruthy();
+  });
+});
diff --git a/src/app/products/manage-tax-components/edit-tax-component/edit-tax-component.component.ts b/src/app/products/manage-tax-components/edit-tax-component/edit-tax-component.component.ts
new file mode 100644
index 000000000..7f26611db
--- /dev/null
+++ b/src/app/products/manage-tax-components/edit-tax-component/edit-tax-component.component.ts
@@ -0,0 +1,84 @@
+/** Angular Imports */
+import { Component, OnInit } from '@angular/core';
+import { FormGroup, FormBuilder, Validators } from '@angular/forms';
+import { Router, ActivatedRoute } from '@angular/router';
+import { DatePipe } from '@angular/common';
+
+/** Custom Services */
+import { ProductsService } from '../../products.service';
+
+/**
+ * Edit tax component.
+ */
+@Component({
+  selector: 'mifosx-edit-tax-component',
+  templateUrl: './edit-tax-component.component.html',
+  styleUrls: ['./edit-tax-component.component.scss']
+})
+export class EditTaxComponentComponent implements OnInit {
+
+  /** Minimum date allowed. */
+  minDate = new Date(2000, 0, 1);
+  /** Tax Component form. */
+  taxComponentForm: FormGroup;
+  /** Tax Component data. */
+  taxComponentData: any;
+
+  /**
+   * Retrieves the offices data from `resolve`.
+   * @param {FormBuilder} formBuilder Form Builder.
+   * @param {ProductsService} productsService Products Service.
+   * @param {ActivatedRoute} route Activated Route.
+   * @param {Router} router Router for navigation.
+   * @param {DatePipe} datePipe Date Pipe to format date.
+   */
+  constructor(private formBuilder: FormBuilder,
+              private productsService: ProductsService,
+              private route: ActivatedRoute,
+              private router: Router,
+              private datePipe: DatePipe) {
+    this.route.data.subscribe((data: { taxComponent: any }) => {
+      this.taxComponentData = data.taxComponent;
+    });
+  }
+
+  /**
+   * Creates the edit tax component form.
+   */
+  ngOnInit() {
+    this.editTaxComponent();
+  }
+
+  /**
+   * Edit tax component form.
+   */
+  editTaxComponent() {
+    this.taxComponentForm = this.formBuilder.group({
+      'name': [this.taxComponentData.name, [Validators.required]],
+      'percentage': [this.taxComponentData.percentage, [Validators.required, Validators.pattern('^(0*[1-9][0-9]*(\\.[0-9]+)?|0+\\.[0-9]*[1-9][0-9]*)$'), Validators.max(100)]],
+      'startDate': [this.taxComponentData.startDate && new Date(this.taxComponentData.startDate)],
+      'creditAccountType': [{value: this.taxComponentData.creditAccountType.value, disabled: true}],
+      'creditAccount': [{value: this.taxComponentData.creditAccount.name, disabled: true}]
+    });
+  }
+
+  /**
+   * Submits the edit tax component form and edits tax component,
+   * if successfull redirects to tax component.
+   */
+  submit() {
+    const prevStartDate: Date = this.taxComponentForm.value.startDate;
+    // TODO: Update once language and date settings are setup
+    const dateFormat = 'yyyy-MM-dd';
+    this.taxComponentForm.patchValue({
+      startDate: this.datePipe.transform(prevStartDate, dateFormat)
+    });
+    const taxComponent = this.taxComponentForm.value;
+    taxComponent.locale = 'en';
+    taxComponent.dateFormat = dateFormat;
+    this.productsService.updateTaxComponent(this.taxComponentData.id, taxComponent).subscribe((response: any) => {
+      this.router.navigate(['../../', response.resourceId], { relativeTo: this.route });
+    });
+  }
+
+}
diff --git a/src/app/products/manage-tax-components/view-tax-component/view-tax-component.component.html b/src/app/products/manage-tax-components/view-tax-component/view-tax-component.component.html
index d02c8930b..577478c84 100644
--- a/src/app/products/manage-tax-components/view-tax-component/view-tax-component.component.html
+++ b/src/app/products/manage-tax-components/view-tax-component/view-tax-component.component.html
@@ -1,5 +1,5 @@
 <div class="container m-b-20" fxLayout="row" fxLayout.lt-md="column" fxLayoutAlign="end" fxLayoutGap="2%">
-  <button mat-raised-button color="primary">
+  <button mat-raised-button color="primary" [routerLink]="['edit']">
     <fa-icon icon="edit"></fa-icon>&nbsp;&nbsp;
     Edit
   </button>
diff --git a/src/app/products/products-routing.module.ts b/src/app/products/products-routing.module.ts
index 05d8d6b56..bb29ad00d 100644
--- a/src/app/products/products-routing.module.ts
+++ b/src/app/products/products-routing.module.ts
@@ -37,6 +37,7 @@ import { ManageTaxComponentsComponent } from './manage-tax-components/manage-tax
 import { ManageTaxGroupsComponent } from './manage-tax-groups/manage-tax-groups.component';
 import { ViewTaxComponentComponent } from './manage-tax-components/view-tax-component/view-tax-component.component';
 import { CreateTaxComponentComponent } from './manage-tax-components/create-tax-component/create-tax-component.component';
+import { EditTaxComponentComponent } from './manage-tax-components/edit-tax-component/edit-tax-component.component';
 
 /** Custom Resolvers */
 import { LoanProductsResolver } from './loan-products/loan-products.resolver';
@@ -238,7 +239,15 @@ const routes: Routes = [
                       resolve: {
                         taxComponent: TaxComponentResolver
                       }
-                    }
+                    },
+                    {
+                      path: 'edit',
+                      data: { title: extract('Edit Tax Component'), breadcrumb: 'Edit', routeParamBreadcrumb: false  },
+                      component: EditTaxComponentComponent,
+                      resolve: {
+                        taxComponent: TaxComponentResolver
+                      }
+                    },
                   ]
                 }
               ]
@@ -387,7 +396,8 @@ const routes: Routes = [
     TaxComponentResolver,
     FloatingRateResolver,
     FloatingRatesResolver,
-    TaxComponentTemplateResolver
+    TaxComponentTemplateResolver,
+    EditTaxComponentComponent
   ]
 })
 export class ProductsRoutingModule { }
diff --git a/src/app/products/products.module.ts b/src/app/products/products.module.ts
index 47105ead2..10e433e47 100644
--- a/src/app/products/products.module.ts
+++ b/src/app/products/products.module.ts
@@ -68,6 +68,7 @@ import { ViewFloatingRateComponent } from './floating-rates/view-floating-rate/v
 import { EditFloatingRateComponent } from './floating-rates/edit-floating-rate/edit-floating-rate.component';
 import { FloatingRatePeriodDialogComponent } from './floating-rates/floating-rate-period-dialog/floating-rate-period-dialog.component';
 import { CreateTaxComponentComponent } from './manage-tax-components/create-tax-component/create-tax-component.component';
+import { EditTaxComponentComponent } from './manage-tax-components/edit-tax-component/edit-tax-component.component';
 
 /**
  * Products Module
@@ -141,7 +142,8 @@ import { CreateTaxComponentComponent } from './manage-tax-components/create-tax-
     DepositProductIncentiveFormDialogComponent,
     ManageTaxGroupsComponent,
     ViewTaxComponentComponent,
-    CreateTaxComponentComponent
+    CreateTaxComponentComponent,
+    EditTaxComponentComponent
   ],
   entryComponents: [
     FloatingRatePeriodDialogComponent
diff --git a/src/app/products/products.service.ts b/src/app/products/products.service.ts
index d411e8b56..5d2b4d3cf 100644
--- a/src/app/products/products.service.ts
+++ b/src/app/products/products.service.ts
@@ -165,6 +165,14 @@ export class ProductsService {
     return this.http.post('/taxes/component', taxComponent);
   }
 
+  /*
+   * @param {string} taxComponentId tax Component ID of tax Component to be edited.
+   * @returns {Observable<any>}
+   */
+  updateTaxComponent(taxComponentId: string, taxComponent: any): Observable<any> {
+    return this.http.put(`/taxes/component/${taxComponentId}`, taxComponent);
+  }
+
   /**
    * @returns {Observable<any>} Tax Groups data
    */