2 min read
Most global jurisdictions require that one or more taxes be collected / allocated from a sale.
To apply one or more tax rates to sales made through PriceBlocs, you can create and attach them to your payment links via the link builder.
You can see a test example of a payment link with a tax rate applied here.
Each tax rate can be given values for
- Percentage rate
- Type - inclusive vs exclusive
- Display name
- Description (optional)
- Jurisdiction (optional)
Inclusive vs Exclusive
Tax rates have two types, they will be either:
- Inclusive - tax is already included in total price
- Exclusive - tax is added on to the total price
Here's an additional breakdown:
Inclusive tax is part of the price. For example, if the price is \$600 and you set an inclusive tax rate of 10%, the invoice total will still be €600. Exclusive tax is applied on top of the price. An exclusive tax rate of 10% on a €600 price will result in an invoice total of €660.