You can set your business's currency and taxes for products and services based on your region. If taxes are included in service prices, you don't need to set tax values. Any taxes applied will appear in the relevant report’s summary.
Key tips before you begin
Taxes are applied to each product, pass, and membership at checkout, with rounding done per item, not the subtotal. This is important for carts with several items.
In compliance with local laws pertaining to fair trade, taxes are included in the total price of each item in your online store when you select UK, Australia, or New Zealand as your business’s country. The subtotal amount in your shopping cart is inclusive of all taxes.
Set the currency for your business
To set the currency for your business, complete the following:
Click the App Drawer button
then click View All > Setup > Business > General Information.In the Country field, select the country in which your business is located.
Click Save.
Set the taxes for your business
Note: If taxes don’t apply to a specific item, modify the settings manually for that item in the product’s advanced settings.
To set taxes for your business, complete the following:
Click the App Drawer button
then click View All > Setup > Store Configuration > Store Settings.Under Taxes, add a tax entry for each tax type that is applicable to products and services in your country.
Click Add Tax.
In the Name field, enter the name of the tax.
In the Value field, enter the tax rate as a percentage.
In the Location field, select the location(s) where the tax will be applied.
Under Apply Taxes To, select the category to tax. Taxes are applied automatically to all items within the selected categories.
Set the Products option to ON to apply taxes to all products sold in your store.
Set the Purchase Options option to ON to apply taxes to all Purchase Options sold in your store.
Set the Services option to ON to apply taxes to all services sold in your store.
Turning an option OFF disables taxes for all items in that category.
Click Save. We recommend testing the system after any tax value changes to ensure accuracy.