If you need to charge tax, it's essential to register with your local tax authority and create or update your account Personal Information details with your business details.
Make sure you switch your account settings from "Personal" to "Business". and include your Company Name before charging buyers tax.
Add TAX Number:
Navigate to the Members Area and click on My Account. From there, select Account Settings.
Then, Scroll down the page to the Sales Invoices Custom Content field. Here, you can input your local tax number, which will be included in your invoices.
Include Additional TAX Numbers: If your business is tax registered in other countries or states outside your local jurisdiction, you must also add these tax numbers in the Sales Invoices Custom Content field. This ensures compliance with tax regulations.
Additionally, we are introducing a new feature to make this process easier. You will soon be able to add your tax number directly to each tax type you select, the tax number will automatically be added to the invoice.
FAQs:
Q: Why do I need to register as a business account to charge tax?
A: Registering as a business account ensures compliance with tax regulations and accurate tax charging. if a business is not Tax Registered then it can't charge tax on it's sales.
Q: Can I include multiple tax Numbers for different jurisdictions?
A: Yes, If required to, you can add multiple tax Numbers for different jurisdictions where your business is tax registered.
Q: Is there no other way to add my tax registration numbers?
A: Currently no, but as stated above, we are introducing a new feature to make it easier.