Tax-inclusive Pricing Is Here
May 21, 2024 - Product Updates
We're excited to announce that tax-inclusive pricing is now available for all Foxy users. For those unfamiliar, tax-inclusive pricing displays the product price with tax included, but also displays taxes charged as a separate line item.
For example, assume an $83.33 product and a 20% tax. In both cases, the item should be <code>price=83.33</code>. (Note that there may be situations where, due to rounding, you may need to specify a more accurate price, such as <code>price=83.3333</code>. Foxy can handle that specificity to fix rounding issues.)
<ul>
<li>In a tax-exclusive cart, the item will be displayed as $83.33, the tax will be $16.67, and the order total will be $100.</li>
<li>In a tax-inclusive cart, the item will be displayed as $100, the tax will be $16.67 (and will show an “inclusive” note in the heading), and the order total will still be $100.</li>
</ul>
In that sense, this update can be considered a “display only” change. All other aspects of Foxy's tax functionality remain effectively unchanged. For example, a tax-exempt customer will pay the price value of the item(s) in the cart, and it will look identical to how it'd look for a tax-exclusive cart. Also, you can still have taxed and non-taxed products in the same order (ie: tax products from your shop but don't tax donations).
If you would like tax-inclusive pricing enabled for your store, please <a href="contact" linktype="url">https://foxy.io/contact">contact us</a> to let us know. Alternatively, you can enable tax-inclusive pricing via the Foxy API.