Shopify launches "Shopify Tax" to help merchants manage sales tax!

It is learned that according to foreign media reports, Shopify recently launched "Shopify Tax", a tool to help merchants manage sales taxes.

Shopify said the Shopify Tax tool is just the beginning, and the company's long-term goal is to build an end-to-end automated solution that allows merchants to accurately calculate sales and use tax, consumption tax, goods and services tax (GST), and value-added tax.

The report said that on October 12, the tool was opened to US merchants and will be free until the end of this year. After that, merchants can use Shopify Tax to calculate "taxes generated by the first $100,000 in sales of the store" for free each year. In jurisdictions that impose taxes, transaction fees will be charged for each order.

With Shopify Tax, merchants can:

• Get sales tax insights. Merchants can know upcoming tax obligations and how much they need to pay. Shopify Tax will also notify merchants about tax payments and inform them about sales thresholds for remitting taxes.

• Categorize your products. The new tool will help merchants pay the correct sales tax according to the tax category that best suits their products.

• Improve tax rate accuracy. Merchants can apply the right tax rate at the right time and calculate it based on the customer's shipping address. Shopify Tax can easily handle the tax laws of more than 11,000 tax jurisdictions in the United States.

“Shopify actively monitors merchants’ most common and pressing requests. Sellers’ needs help us decide what to build next and understand if our products are meeting the need,” Shopify wrote in a blog post. “The new sales tax solution provides universal benefits to all merchants, regardless of size, industry, or tax expertise.”

Editor ✎ Nicole/

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