A Complete Guideline Of Display Settings In Magento 2

  1. Price Display Settings in Magento 2 admin panel

The price display settings allow store administrators to include or exclude tax in product and shipping prices, or show two versions of the price; one with, and the other without tax.

If store administrators add tax in the product price, the tax displays only if there is a tax rule that matches the tax origin, or if a customer address matches the tax rule. Events that can activate a match include when a customer creates an account, logs in, or generates a tax and shipping estimate from the shopping cart.

Showing prices that include and exclude tax makes customers confused. To avoid warning messages, see the guidelines for your country, and recommended settings.

Price Display Settings in Magento 2
Price Display Settings

To configure Price Display Settings in Magento 2 admin backend, follow these steps:

On the admin sidebar click Stores, under Settings click Configuration. On the left of the panel under Sales, click Taxes. Open the Price Display Settings tab.

  • Set Display Product Prices in Catalog to one of these options:

Excluding Tax

Including Tax

Including and Excluding Tax

  • Set Display Shipping Prices to one of these options:

Excluding Tax

Including Tax

Including and Excluding Tax

  1. Shopping Cart Display Settings in Magento 2 admin panel

Shopping Cart Display Settings in Magento 2
Shopping Cart Display Settings

Open the Shopping Cart Display Settings tab and follow these steps:

  • Set Display Prices to one of these options:

Excluding Tax

Including Tax

Including and Excluding Tax

  • Set Display Subtotal to one of these options:

Excluding Tax

Including Tax

Including and Excluding Tax

  • Set Display Shipping Amount to one of these options:

Excluding Tax

Including Tax

Including and Excluding Tax

  • Set the following to “Yes” or “No” according to your preference:

Include Tax in Order Total

Display Full Tax Summary

Display Zero Tax Subtotal

  1. Order, Invoice & Credit Memo Display Settings in Magento 2 admin panel

Orders, Invoices, Credit Memos Display Settings in Magento 2
Orders, Invoices, Credit Memos Display Settings

Open the Orders, Invoices, Credit Memos Display Settings tab and follow these steps:

  • Set Display Prices to one of these options:

Excluding Tax

Including Tax

Including and Excluding Tax

  • Set Display Subtotal to one of these options:

Excluding Tax

Including Tax

Including and Excluding Tax

  • Set Display Shipping Amount to one of these options:

Excluding Tax

Including Tax

Including and Excluding Tax

  • Set the following to “Yes” or “No” according to your preference:

Include Tax in Order Total

Display Full Tax Summary

Display Zero Tax Subtotal

Click Save after completed

Above is a complete guideline of display settings in Magento 2 admin backend. We hope that you can handle the display settings and tax control from admin panel. In the next article, we will describe Tax Zones and Rates. Like, share and subscribe Magestandard to read more Magento 2 guideline article. 

An Insight Into EU Place Of Supply For Digital Products on Magento 2

The digital products sold from European Union (EU) merchants must be reported every quarter to each member country. Digital products are taxed based on the customer’s billing address. According to the law, merchants have to create a tax report and validate the relevant tax amounts for digital products, as opposed to physical products.

All digital products sold by EU member countries must be reported from merchants on a quarterly basis to a central tax administration, along with payment due for tax collected during the period.

Any merchants who have not reached the threshold yet (50000/100000 € of seasonal business) must continue to report physical products sold to the EU states where they have registered VAT numbers.

Any dealers who are examined for taxes paid for digital products must provide all required information to build up the customer place of residence.

  • The customer place of residence can be established using the customer’s billing address and a record of a successful payment transaction.
  • The Magento database tables can provide the information directly.

There are seven things you have to do to collect digital products tax information:

  1. Load the tax rates for all EU countries.
  2. Generate a digital products product tax class.
  3. Assign digital products to the digital products product tax class.
  4. Generate physical products tax rules, using physical product tax classes, and associate them with the appropriate tax rates.
  5. Run the tax report for the appropriate period, and collect the required digital products information.
  6. Export the tax sums that are related to the tax rates for the digital goods product tax class.

Above is an insight into EU place of Supply for Digital products on Magento 2. We hope that you can collect digital products tax information from your web store. If you have any question, feel free to leave a comment or contact us directly. In the next article of Magestandard, we will provide information on fixed product tax in Magento 2. Keep tracking our blog site to read more useful Magento 2 insight article.

A Guideline On Fixed Product Tax In Magento 2

In some tax jurisdictions, a fixed tax that must be added to certain types of products. Store administrators can set up a fix product tax (FPT) for tax calculations of their store. For example, in some countries, Waste Electrical and Electronic Equipment Directive (WEEE) tax or “ecological tax” or “eco-tax,” which is collected from types of electronics to counterbalance the cost of reusing can be set up using FPT. This tax is a fixed sum, rather than a percentage of the product price.

FPT apply at the item level, based on the product. In some jurisdictions, this tax is subject to an additional % tax calculation. Your tax jurisdiction might also have rules that decide how the product price displays to customers, either with or without tax. You have to understand the rules and set your FPT display options accordingly.

Exercise caution is recommended in quoting FPT prices in the email because the difference in price can affect customer confidence in their orders. For example, if you display Order Review prices without showing FPT, customers who buy items with associated FPT will see a total that includes the FPT tax amount, but without an itemized breakdown. The difference in price might cause customers to leave their carts because the total differs from the amount expected.

FPT Display Prices

FPT DISPLAY SETTING AND CALCULATION
Not Taxed
Excluding FPT FPT displays as an isolated row in the cart, and the value is used in appropriate tax calculations.
Including FPT FPT is included in the base price of an item but is not included in tax-rule-based calculations.
Excluding FPT, FPT Description, Final Price Prices displays without FPT amount or description. FPT is not included in tax-rule-based calculations.
Taxed
Excluding FPT FPT displays as an isolated row in the cart, and the value is used in proper tax calculations.
Including FPT FPT is added in the price of an item, and change to tax calculations is not required.
Excluding FPT, FPT Description, Final Price Prices display without the FPT amount or description. However, FPT is included in tax-rule-based calculations.

In the next article, we will describe tutorial on configuring FPT in Magento 2. Keep tracking Magestandard to read the following Magento 2 article.

 

A Complete Tutorial On Configuring FPT On Magento 2

On the previous article, we described what is Fixed Product Tax (FPT) in Magento 2. In this article, we will explain a tutorial on Configuring FPT On Magento 2 admin panel.

The tutorial on how to set up a fixed product tax for your store, using “eco-tax” as an example. After setting the tax scope and the countries and states, the input fields can change according to the local requirements and depend on the options you choose. Read an article about Creating Attributes to learn more.

Step 1: Enable Fixed Product Tax

On the Admin sidebar, click Store. Under Settings, click Configuration. On the left of the panel under Sales, click Tax. Open the Fixed Product Taxes tab and follow these steps:

  1. Set Enable FPT to “Yes.”
  2. Select the FPT setting for each of the following price display locations to decide how fixed product taxes are used in store prices. (The selections are the same for each location.)
  • Product View Page
  • Sales Modules
  • Emails
OPTIONS
Including FPT Only

Including FPT and FPT description

Excluding FPT. Including FPT description and final price

Excluding FPT

  1. Set Apply Tax to FPT as needed.
  2. Set Include FPT in Subtotal as needed.
Fixed Product Taxes configuring FPT in Magento 2
Fixed Product Taxes

Click Save after completed.

Step 2: Create an FPT Attribute

On the Admin Sidebar click Stores. Under Attributes click Product. In the upper-right corner, click Add New Attribute and follow these steps:

  1. To identify an attribute, input Default Label
  2. Set Catalog Input for Store Owner to “Fixed Product Tax.”

Open the Advanced Attribute Properties and follow these steps:

  1. In the Attribute Code field, input a unique identifier in lowercase, spaces or special characters are not allowed. The maximum length is 30 characters. You can leave the area blank to the text from the Default Label field.
  2. Set Add to Column Options to “Yes” if you want the FPT field to appear in the Inventory grid.
  3. Set Use in Filter Options to “Yes” if you want to filter products in the grid based on the FPT field’s value.
Advanced Attribute Properties configuring FPT in magento 2
Advanced Attribute Properties
  1. On the left of the panel, select Manage Labels. Then, input a label to use instead of the default label for each store view. (Optional)
Manage Labels configuring FPT in magento 2
Manage Labels
  1. Click Save Attribute after completed and clear the cache.

Step 3: Add the FPT Attribute to an Attribute Set

On the Admin Sidebar, click Stores. Under Attribute, click Attribute Set. Click the attribute set on the list to open the record in edit mode.

Move the FPT attribute from the Unassigned Attributes list to the Groups list. Each group folder compares to a section of product information. You can place the attribute wherever you want it to display when the product is open in edit mode.

Edit Attribute Set configuring FPT in magento 2
Edit Attribute Set

Click Save after completed.

For each attribute set that needs to include fixed product tax, do this step again.

Step 4: Apply FPT to Specific Products

On the Admin Sidebar click Products, Under Inventory, click Catalog. Open the product that needs a fixed product tax in edit mode. Find the FPT section of fields that you added to the attribute set. Click Add Tag and follow these steps:

Fixed Product Tax for Belgium configuring FPT in magento 2
Fixed Product Tax for Belgium
  1. If your Magento installation has multiple websites, select the Website that you want to apply settings and base currency. In this example, the field is set by default to “All Websites [USD],”
  2. Set Country/State to the region where the fixed product tax applies.
  3. Enter the fixed product tax as a decimal amount in the Tax field.
  4. Click Add Tag and do the process again if you want to add more fixed product taxes

Save after completed

How to Configure The Default Tax Destination In Magento 2

On the previous article, we provided information about Tax Classes insight And How To Configure Tax Classes In Magento 2 admin panel. In this article, we will describe the detail of Default Tax Destination and a tutorial on how to configure Default Tax Destination in Magento 2 admin panel for tax calculations.

 

  1. What is the Default Tax Destination in Magento 2?

 

Default Tax Destination is the settings that decide the country, state, and ZIP or postal code that is used as the basis of tax calculations.

Default Tax Destination Calculation in Magento 2
Default Tax Destination Calculation
  1. Tutorial on configuring the Default Tax Destination in Magento 2

 

To configure the Default Tax Destination for tax calculations, you have to follow these steps:

On admin sidebar, click Stores. Under Settings, click Configure. On the left of the panel under Sales, click Tax. Open the Default Tax Destination Calculation, uncheck the Use system value checkboxes and edit these options as needed:

  • Default Country: the country where tax calculations are based.
  • Default State: the state that is used as the basis of tax calculations.
  • Default Post Code: the postal code or ZIP code which is used as the premise of local tax calculations.

Click Save after completed.

Above is an insight about the Default Tax Destination and tutorial on how to configure the Default Tax Destination in Magento 2 admin panel for tax calculations. We hope that you can find useful information and know how to handle the tax calculations for your web store. If you have other ways to configure or have any question, feel free to leave a comment or contact us directly. In the next article, we will provide pieces of information about EU Place of Supply for Digital Goods. Keep following Magestandard to read more Magento 2 article.