Value added tax (VAT), or goods and services tax (GST) is a tax used by non United States countries that is levied on any product that is added to the cart.
From the Admin Menu in your DNN portal, select RazorCart admin console:
You will be taken to the dashboard of your store.
Select the Tax tab under Store setup on the left hand side.
Once you are in the tax settings, you will see the following screen. Select "VAT/GST" from the radiobutton list.
When VAT/GST Tax is selected, the cart will charge the tax rate entered in the “Tax Rate” textbox and implement the VAT/GST tax calculation. You will need to load all product pricing inclusive of VAT/GST tax.
During the cart checkout the confirmation pages and invoice VAT/GST is displayed as follows.
Product 1: $110
Product 2: $55
Total (incl. VAT): $187
VAT included (10%): $17
The formula for the tax (VAT) is as follows: VAT($) = Total($) * VAT(%) / (1 + VAT(%))
You now have all of the tools you need to configure VAT/GST in your store! If you have any questions, please Contact Us.