Setting up tax rates in RankingMojo ensures that the appropriate taxes are applied to your services based on the region. Follow these steps to set up and manage tax rates:
Set Up New Tax Rates:
Log in to your RankingMojo account.
Click on the Sales tab in the main menu.
Select Tax Rates from the dropdown menu.
Click the New button to create a new tax rate.
Fill Out Tax Rate Details:
Enter the required details:
Name: The name of the tax rate.
Region: The region where the tax rate will be applied.
Percentage: The tax rate percentage.
Type: Specify whether the tax is inclusive or exclusive.
Click Save to create the tax rate.
Apply Tax Rates to Services:
You can apply these tax rates to your services, ensuring that users in the specified regions will have the appropriate tax calculated during the checkout process.
For more information on how to add and edit your services, refer to our Adding Services article.
Edit Existing Tax Rates:
To edit an existing tax rate, go to the Tax Rates page.
Click on the three dots next to the tax rate in the table.
Select Edit and update the necessary details.
By following these steps, you can ensure accurate tax calculations for your services, enhancing compliance and customer satisfaction.