Welcome to Portal

?Unknown\pull-down

Welcome to Zoho Cares

Bienvenido a Soporte de Zoho

Search our knowledge base, ask the community or submit a request.

VAT- Overview

This article will give you a summary of how VAT can be configured and applied to transactions in Zoho Commerce.

This feature will be available only for organisations in the South Africa edition.

Configure VAT in Zoho Commerce

Here's how you can enable and view VAT rates in Zoho Commerce:
  1. Go to Settings on the left sidebar.
  2. Click Taxes under General. 
  3. Mark Is your business registered for VAT? to enable VAT.
  4. Enter VAT Registration Number and VAT Registered On date.
  5. Click Save.
Field 
Description
Tax-Inclusive Prices

Enable this option if you want the product amount to be inclusive of tax. This means no additional tax will be applied during checkout.
 
Tax your shipping rates

Enabling this will apply tax to the shipping rate during checkout.

VAT Registration

Mark this option of your business is registered for VAT. You will then have to enter the registered VAT number and VAT registration date.

International Trade

Mark this option if you sell products outside South Africa.



VAT Rates

The following tax rates will be added to your organisation once VAT is enabled. These will be applied to the products during checkout. 
VAT Rate
Description
Standard Rate [15%]

This rate will be applied to the majority of the products that are included in orders created after April 2018.

Zero Rate [0%]

A tax rate of 0% is applied on goods that are agricultural supplies or residential lettings. Services that include road and rail transport, financial services, money lending, retirement and medical benefits, and international support are zero-rated.

Change in use (Non-taxable supplies) [15%]

Purchasing a good for business, intending for making taxable supplies and later using it for personal use.

Change in use (Taxable supplies) [15%]

Purchasing a good for personal use and later using it for taxable supplies.

Export of second-hand goods [15%]

Purchasing a second-hand good and exporting it later.

Supply of accommodation exceeding 28 days [15%]

When accommodation is provided for more than 28 days, the VAT will be calculated only for 60% of the total cost.

Supply of accommodation not exceeding 28 days [15%]

When accommodation is provided for 28 days or less than 28 days, the VAT will be calculated for the total cost.






Helpful?00
Updated: 5 months ago
Share :