4a.Tax Collection and Tracking

joe @ July 5, 2008

Taxes – New Features – V2.03

If you need to collect sales tax and track sale taxes you have collected this module will allow you to collect (charge) multiple sales tax or VAT rate(s) depending upon your need.

New features include better interface.. You can set a flat tax or have multiple sales tax rates for States and / or Counties

Many e-Tailers by local law are required to collect sales taxes or VAT, there is an increasing trend to require all e-tailers to collect sales and VAT taxes… Local governments are loosing billions of dollars in revenue each year by not being able to collect these funds.

We are already seeing state and local governments in the United States passing tax laws that impact online marketers and require us to collect taxes if we sell in their areas.

The tool is rather straight forward to setup. click on “State” to add the tax jurisdiction(s) then go to

Tax Rates> Add New Tax Rates

On this page you add the following information

• Tax Rate Name
• Country
• State
• Tax Rate %
• Status

The status option you select “active” or “inactive” determines whether or not the tax is going to be collected from residents of the juridiction in question.

Once you click submit the tax rates if created and added to the Tax Rates List on the previous page. This is where you can view and manage the tax rates your shopping cart is going to collect.

Joe
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Filed under: 09.Shopping Cart