Product: Taxes and Fees tab

Overview

This tab is where you can enable, and sort your taxes/fees for your products.

Enable taxes and fees

• Tick the appropriate tax/fee.

Make sure to click the Save button.

Ordering taxes and fees

To ensure your taxes and fees are calculated correctly, you must ensure they are in the correct order. You can sort them by clicking and dragging the icon.

In the following example: Product price = $100

• The non-inclusive GST tax (7%) will be calculated on the product's total price.
• The VAT tax (10% compound) will be calculated 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.
    • Agent commissions are calculated on prices before any exclusive taxes or fees are added i.e. $100.

Another example:

• The GST is inclusive of prices, and will be calculated only on the product's total price.
• The Entry Fee is a non-taxable fee, therefore it should be ordered after all inclusive taxes.

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