Product: Taxes and Fees tab

Overview

This tab lets you enable and sort your taxes/fees for your products.

Enable taxes and fees

1. Tick the appropriate tax/fee.
2. Make sure to click the Save button.

Ordering taxes and fees

To ensure the system calculates your taxes and fees correctly, they must be in the correct order. Sort them by clicking and dragging the icon.

In the following example: Product price = $100

• The system calculates non-inclusive GST tax (7%) on the product's total price.
• The system calculates VAT (10% compound) on the product's total price with GST.
  • Non-Inclusive GST (7%): $7.
  • Compound Tax (10%): $10.70.
  • Total Price with GST and Compound Tax: $117.70. 
    • The system calculates agent commissions on prices before any added exclusive taxes or fees, e.g., $100.

Another example:

• The GST is included in the price and calculated only on the product's total price.
• The Entry Fee is a non-taxable fee; therefore, you should order it after all inclusive taxes are applied.

Once you are happy with everything, click the Save product button.