![]() If you sell internationally, then you can include or exclude taxes in your product prices based on your customer's location. Include or exclude tax based on your customer's country The tax amount is shown in the details of all orders so that both Gabriel and his customers see the actual tax amount charged. These calculations are performed automatically. The formula for this is Tax = (Tax Rate X Price) / (1 + Tax Rate): To arrive at a $100 total listed price that includes tax, the tax-included formula is used to calculate the tax portion. Gabriel decides to include all taxes in his listed prices. The formula for this is Total = List Price X (1 + Tax Rate): If she lists a product for $100, then the tax is calculated to be $10, for a total sale price of $110. Maya doesn’t include taxes in her prices. ![]() The region has a 10% tax rate and allows business owners to choose whether to include taxes in their prices. If you set a customer to be tax exempt, but you use tax-included pricing, then the customer will still be charged the full listed product price.įor example, Maya and Gabriel both live in the same region and both have online stores. Setting up your prices to include taxes does not affect your tax reporting. Customers will see the included amount of tax beside the total at the checkout. ![]()
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