A Tax feature that allows accounts platform owners to set up and manage taxes for their listings. This feature provides a range of options and controls to help accounts comply with local tax laws and regulations.
Using the Tax feature, accounts can:
- Add a title to the tax, such as
- Set the default percentage rate for the tax.
- Use a short code to identify the tax, such as
- Set whether the tax is inclusive or not. This determines whether the tax is included in the listed price of the listing or added on top of it.
- View and manage a list of all the taxes set up on the platform.
The Tax feature is a useful tool for accounts to ensure that they are compliant with local tax laws and to provide a clear and transparent pricing structure for their customers. It can also help to streamline the tax management process and reduce the risk of errors or oversights.
Only marketplace owner can set the taxes and it is applied on Marketplace Platform level.