Tax rate changing for Product

How to link different products to their tax rate
Written by Dennis
Updated 8 months ago

As a store owner, it's essential to ensure accurate tax calculations for different products, especially when certain items attract different tax rates. If your store offers a variety of products, such as groceries, electronics, or clothing, you may encounter situations where specific items require unique tax rates. In this article, we will guide you through the process of manually changing tax rates for different products.

In our last article, we looked at the accounting section and went through all the points: VAT ID and Tax NumberSmall Business Regulations, VAT Rate & Numbering.

Step 1: Understand Tax Regulations

Before you begin adjusting tax rates, familiarize yourself with the tax regulations in your region or country. Different products may be subject to various tax rates based on local laws. It's essential to have a clear understanding of these rules to ensure accurate and legal tax calculations.

Step 2: Create Tax Classes

Create a necessary tax rate here: General → Accounting → Add Tax Rate

Step 3: Assign Products to Tax Classes

Now, assign each product to its appropriate tax class based on the category it belongs to. You can find it here:

Product → Edit product → Details → Tax Rate

Simply choose one of the created tax rate.

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