I also need compound taxes but it isn’t supported as well.
I managed to do a work around, but this work around requires you to create a custom invoice design and you would use the “Discount” field as the 1st Tax option.
On the custom invoice design, you would have to add this code into the “Footer” section
In my case, I did not need a second tax, but rather an “admin / handling” fee as a percentage of the invoice.
You can change the last line where I have "Handling Fee - " to the name of your tax.
After adding this code to the custom invoice design, save it and make this new design the default. There after all new invoices will follow the new format. You would then put “-8” into the discount field and select VAT as the Tax for the invoice.
Hopefully this helps you and others until the developers make a proper way of doing compound tax.