Change tax rates
Questions:
- How can I change the tax rates for all products?
- How can I implement the tax rate change from the economic stimulus package?
Description:
TYRIOS allows you to adapt tax rates to new legal requirements in a few simple steps. Three different modes are supported:
- The gross value of the items should be kept constant. If the tax rate is reduced, your margin will increase; if the tax rate is increased, your margin will decrease.
- The net value of the items should remain constant. This means that you pass the reduction on to the customer in the event of a tax reduction, and your products become more expensive for the customer in the event of a tax increase.
- The VAT change should be passed on to the customer as a percentage. This means that you pass on the change in tax in such a way that the customer can understand the percentage change more easily. In the case of a tax reduction from 19% to 16%, you give a price reduction of 3% (instead of 2.5% as in mode 2)
You can find a detailed explanation of the different modes in our blog post "Economic stimulus package, what to do with VAT".
TYRIOS applies the desired mode fully automatically to all prices in the PIM system as well as to all open orders and document rules within order management. In particular, this explicitly includes alternative prices and quotations, so that changes can be made in a minimum of time. You can specify whether the change should be made immediately or on a specific date.
Solution:
- Click on Product management in the customer area
- Click on "Change tax rates" in the "Articles" area. The tax rate editor appears.
- Select one of the three desired modes.
- In the "Change tax rate" area, the system will now show you all the VAT rates currently stored. You must now enter the new tax for each tax. If the tax rate is not adjusted, you insert the same value again.
- Under Execution time, you can specify whether the VAT adjustment should be carried out immediately or on a specific date in the future.
If the execution time is on the same day, the adjustment is carried out immediately and all systems that access the PIM (Product Information System) receive the new prices immediately - including the POS systems and the online shop. If the date is in the future, the change will start at midnight.
Please note that the price change will be implemented immediately. Indexing in the search and in the category view may take some time - depending on the quantity of products - so that the filter values displayed may not be correct for a short time. Indexing takes place in the background and you will receive a notification by e-mail once the process is complete.
Tips and Tricks:
As a rule, VAT is automatically charged on the shipping costs - depending on the tax rates of the order. As the shipping costs are stored net in TYRIOS, no adjustment is made here.
If VAT rates are stored in other places - e.g. for payment methods - these must be adjusted manually. There is no automated adjustment.