How to Manage Your VAT Information

What is VAT management?

If you are a VAT vendor, managing VAT (Value Added Tax) information ensures that your online store complies with the VAT laws applicable to your country.  The VAT section in BoxCommerce provides fields to input your VAT details, such as “VAT description”, “VAT number” and “VAT rate”.

Why is VAT management important?

If applicable, accurate VAT management is essential for compliance with local VAT regulations.  

What is tax on cross-border purchases?

Tax on foreign purchases refers to additional taxes that may be imposed and payable by you on goods purchased from outside your country.

Why is understanding tax on foreign purchases important?

Understanding the implications of cross-border taxes ensures compliance with local and foreign laws and helps avoid any penalties that may be incurred.

Please note:  The “Currency” section cannot be changed once it has been set during the creation of your online store.

How to Manage Tax Information (Mobile)

1.  Navigate:  From the home screen menu, tap “Payment” then tap “Currency & tax information”.

2.  Tax details:  If your business charges tax, tap “Yes” from the drop down menu and enter the required tax information.  Tap “UPDATE” to complete.

Tax details required:

• Tax number: Enter the unique tax number for your business as registered in your country.
• Tax rate: Input the applicable tax rate for your country.
• Cross-border charges: Indicate whether your country charges tax on foreign purchases by choosing “Yes or No” from the drop down menu.

Need a Helping Hand?

We’re here to help. Simply click here for access to easy-to-follow "how-to guides," or send an email to our support centre [e-mail]

How to Manage VAT Information (Desktop)

1.  Navigate:  From your BoxCommerce control panel, click “Store”, then select “Payments”, next click the “Currency and tax information” tab. Here you will see the current settings for your “Currency and tax”.

2.  Tax details:  If your business charges tax, select “Yes” from the drop down menu and enter the required tax information.  Click “SAVE CHANGES” once complete.

Tax details required:

• Tax number: Enter the unique VAT number for your business as registered in your country.
• Tax rate: Input the applicable VAT rate for your country.
• Cross-border tax charges: Indicate whether your country charges tax on foreign purchases by choosing “Yes or No” from the drop down menu.

Need a Helping Hand?

We’re here to help. Simply click here for access to easy-to-follow "how-to guides," or send an email to our support centre [e-mail]