Tax Support for Your Business
Clarity's eCommerce solutions provide tax support with real-time sales tax calculation, shipping integration so tax can be applied to the shipping cost, and VAT/GST tax. You can also apply a sales tax to specific states or countries, set your own tax rates, or mark specific products from your store as tax-exempt.
Key Tax Features for eCommerce
Here are some of the features to look for when vetting the best sales tax software.
Real-time & Automatic Tax Calculation
ECommerce platforms equipped with this feature automatically calculate accurate sales tax rates in real-time, factoring in customer location and product details. This ensures precise tax amounts are applied to each transaction, reducing errors and ensuring compliance.
Integrating shipping and sales tax calculations helps businesses accurately calculate taxes based on both product value and shipping destination, providing a comprehensive view of costs for customers and assisting in compliance with various tax laws related to shipping.
VAT / GST Tax Support
eCommerce platforms with VAT (Value Added Tax) or GST (Goods and Services Tax) support allow businesses to configure and apply these taxes to relevant products or services, catering to international sales and adhering to specific tax requirements in different countries.
Tax Exemption Declarations
This feature enables tax-exempt customers, such as non-profits, to declare their status during the purchasing process. The system then adjusts the transaction to exclude applicable taxes, ensuring that eligible customers are not overcharged.
Customizable Tax Rates & Applications
Businesses can configure and customize tax rates based on various factors, such as product categories or specific regions. This flexibility ensures accurate taxation based on specific business needs and helps meet the complex requirements of different jurisdictions.