If you rent out items or properties, making sure your taxes are calculated correctly is important for clear pricing and staying on the right side of tax regulations. You can now set up manual taxes directly on your rental listings, so taxes apply automatically whenever a booking is made.
📌 Why This Matters
Adding taxes to your rentals helps you manage pricing with confidence. It makes sure your customers see the right prices upfront and helps you avoid mistakes when calculating taxes on bookings. This keeps your business compliant with tax laws and prevents you from having to do manual tax calculations later.
✨ What’s New
- Manual taxes on rentals: You can now add manual taxes to each rental listing.
- Linked products for tax setup: Each rental has a connected product that makes it easy to configure taxes.
- Easy tax configuration: A clear button right in your listing edit screen lets you set up or update taxes quickly.
- Automatic tax application: Taxes automatically apply when someone books a rental.
- Variant-level tax settings: If your rentals have different options or variants, you can set taxes for each one individually.
🛠️ How to Use It
- Go to your rentals section: Find your rental listings and select the one you want to update.
- Access tax settings: Head to the Inventory & Pricing section and click on the “Configure taxes for this listing” button.
- Edit tax rates: You’ll be taken to the linked product page where you can set or update the manual tax rate.
- Save changes: Once saved, taxes will automatically apply to all future bookings for that rental.
If your rental has variants (like different sizes or models), you can set taxes separately for each one using the same process.
💡 Pro Tip
Setting up accurate taxes on your rentals helps you maintain clear pricing for customers and avoids issues during tax season, freeing you to focus on growing your business.
