Tax Rates

  • Updated

In Unimarket, Tax Rates are managed by Community Administrators. To ensure sales tax is calculated correctly during the checkout process. These rates can be simple percentages or complex combinations, depending on your local tax requirements.

 

Accessing Tax Management

Navigation: Administration > Settings > Management > Tax tab.

 

Defining Tax Rate Types

When you add a new tax rate by clicking +Add Tax Code, you must choose a Type

 

Each serves a specific financial purpose:

TypeDescription
SimpleA standard fixed percentage (e.g., a flat 7% state tax).
CompositeCombines multiple rates into one selection (e.g., State Tax 5% + City Tax 2% = 7% Total).
Date-basedA rate that automatically changes on a specific future date (useful for legislative tax hikes).
PredefinedUsed when tax is already included or defined at the product level.

Mandatory Fields

  • Code: The short identifier buyers see in the dropdown (e.g., "VAT" or "GST").

  • Name: A full description (e.g., "Florida State Sales Tax").

  • Account Code: The GL code in your ERP where this tax amount should be recorded.

  • Rate: The actual percentage (enter 10 for 10%).

 

Maintenance

  • Deleting: To remove a rate that is no longer in use, locate it on the Tax screen and click Delete.

 

  • Integration: Ensure the Account Code matches your financial system exactly; otherwise, the tax portion of the order may fail to sync with your ERP.

 

How Buyers Use Tax Rates

While Unimarket will apply a default rate based on your community settings. Buyers can manually adjust these during checkout if necessary.

 

Product Tax

In the Product section of the checkout screen, users can click the Tax dropdown. To select a different rate for specific line items.

 

Shipping Tax

If your region requires tax on freight or shipping services, users can select the appropriate rate in the Shipping Tax field (at the bottom of the checkout screen).