San Diego, March 12, 2021 — Ecwid, a leading and free ecommerce platform for hundreds of thousands of small businesses around the globe, will release two brand-new product features to merchants in the EU, Australia, India and New Zealand to help them better manage VAT prices and invoices. This is the latest in a series of initiatives the company has announced to provide a seamless experience for merchants and their customers.
Global sellers have long encountered challenges when it comes to navigating the requirements of value-added tax (VAT), such as setting prices for goods, applying discounts correctly and adhering to proper invoice requirements. Not to mention, it’s all super time consuming. Extra complications are the last thing SMBs need right now as the pandemic lingers on.
At a high level, the new feature will allow online sellers to:
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Generate legally compliant invoices. These will be correctly formatted + can be easily downloaded for tax authority-ready reports.
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Switch to tax-inclusive prices. Sellers can now set up prices that include VAT or GST. No more confusing calculations. These tax-inclusive prices can also be displayed across any store’s interface.
On the heels of Brexit, many merchants were scrambling to understand new guidelines around taxes and customs, among other things. Ecwid is committed to ensuring that merchants have the technology and tools they need to operate and scale their businesses.
The post Taxes Made Easy for EU, AU, NZ & IN: Generate Legally Compliant Tax Invoices and Switch to Tax-Inclusive Prices appeared first on Multichannel Merchant.
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