Automatic sales tax calculation for products on my Store
Claudia Belliveau
It is already a functionality that we as business owners can set up with Stripe and PayPal, however, it doesn't work because Beacons doesn't have the integration for tax codes.
J
Jacky Zhu
Merged in a post:
Ability to add Sales Tax
T
TWilliams
It would be great to automatically apply Sales Tax and list it as a separate item to the customers bill in addition to the cost of the product itself based on country of business.
Jacob Choi-Durham
Great to hear your perspective, TWilliams! I have a few more questions for you:
- Which countries should the sales tax feature support initially?
- Are there specific tax rates or rules we should be aware of for different countries?
- Should the sales tax be applied to all products or only specific categories?
T
TWilliams
Jacob Choi-Durham Hello.
- The US for me. We should be able to choose or automatically apply Sales Tax on products which the customer will pay for.
- I think different states in the US have their different rates so people simply selecting their states so the sales tax can be automatically applied in invoices will be great.
- I would say give the Creator the option to choose while creating the products. Certain states do not require Sales Tax for digital products if there is no digital download.
J
Jacky Zhu
Merged in a post:
Add an option to include GST / HST taxes on the checkout page for Link in Bio's
motiviationcenter
This would make it significantly easier for any business in Canada or other Countries where after a certain threshold paying the CRA/IRS 13% in GST, in Canada for example, becomes mandatory.
This would definitely help a lot of Link in Bio's doing a lot of revenue because otherwise it ends up coming out of their pocket.
Jacob Choi-Durham
Hey motiviationcenter, thanks for your feedback! I have a few more questions for you:
- Which specific countries should be prioritized for implementing the tax option, besides Canada?
- Are there any specific tax rates or rules that vary by region that we should be aware of?
- How do you currently handle GST/HST taxes in your transactions, and what challenges do you face?
motiviationcenter
Jacob Choi-Durham
Like I mentioned in my post, any country that mandates you pay a certain amount in tax after you start earning x amount of money as a business.
- Whilst I do not know or am not educated on tax rates or rules outside of my home province which is Ontario nor outside of Canada. I can say that federally in Canada and in Ontario there are not any specific tax rates. The only distinguishment in rules are dependent on your business type but that's only for when you should start paying your taxes.
Although someone more educated on taxes could correct me if I'm wrong
- I don't handle GST/HST in my transactions because I do not make over 30,000$ CAD per quarter.
J
Jacky Zhu
Merged in a post:
Taxation by country
V
Veera
To process sales around the world, it is legally required to account for taxes in the store’s products. This option would be great! More users could be join in.
V
Veera
I would love to sell digital products from Finland but we use VAT 24% and unfortunately Beacons doesn’t provide this option yet.
Jacob Choi-Durham
Merged in a post:
Adding a tax option to payments
J
Jose Miguel Longo
Why doesn't the store have a tax option? This should be a no brainer. Happy to share more here on a call to discuss.
Jacob Choi-Durham
Great to hear your perspective, Jose Miguel Longo! I have a few more questions for you:
- Can you provide more details on how you envision the tax option working within the store?
- Are there specific tax regulations or requirements you're looking to have addressed with this feature?
- Would you like this tax option to be customizable or should it be a standard feature for all stores?
Canny AI
Merged in a post:
Show VAT
D
Deine Zeitfee
Please implement the function to add VAT during the Checkout. When you are doing B2B in Europe, you have to tell your customer the final amount of your product (net amount + VAT) and make it visible before paying. Without this function beacons is useless for me - thats a pitty because the rest is great! Thanks
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