MyCashflow automatically calculates the shipping costs' VAT rate for all orders. The calculation is based on the tax-free prices of the products included in the order.
The automatic calculation ensures that no unduly large VAT is paid on any order. It means significant savings for your store's visitors.
Example
Order contents:
- 50€ for products with VAT 14%
- 50€ for products with VAT 24%
The order's shipping costs' VAT rate is 19% because half of the total value of the order (€ 100) is taxed at 14% and half at 24%, which means that the taxed amount is 19% of the order total.
Because VAT on shipping costs is automatically calculated, you can't manually change VAT on shipping costs.
The procedure is approved by the Finnish Tax Administration.
