Tax-inclusive Pricing

You can set Tax-inclusive prices for your entire Workspace. This means that ANY product you put in your store will now be inclusive of taxes - meaning that what you put in the price is what customers pay in the end.

Without Tax-inclusive pricing (Tax-excluded prices) - the price you put for your products are not final and will be recalculated at checkout to add Taxes on top of that price.

Your income: your payout / income

Subtotal: price without taxes

Total: price with taxes

Taxes: VAT/GST/IST the amount varies between countries and states inside the US

Fungies Fee: 5%+$0.5 per transaction

Set up Tax-inclusive pricing in General Settings of your workspace

In below Product Pages, one is set with Tax-inslusive pricing, the other is Tax-excluded.

Product Page AFTER turning on Tax-inclusive Pricing
Product Page BEFORE turning on Tax-inclusive Pricing (this example shows Tax-excluded price). The price is not final.

During checkout, depending on which option you set up in your settings, Taxes will be recalculated to reflect the setting.

In this example, the store setting is set to Exclude taxes in the final price, so the VAT/GST/IST is added ON-TOP of product price.
Tax-include Price: the price already includes VAT/GST tax - so the Product Price = the amount the customer pays. The VAT/GST/IST tax amount will be flexible depending on where your customer is located.

You can then of course preview the amounts in Order Confirmation / Payment Details:

In Tax-excluded pricing, the Tax is added to the Subtotal to get the Total amount
In Tax-inclusive pricing, the Total is paid by the user and already includes VAT/GST/IST.
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