How to handle tax and VAT on payments
Understand how tax and VAT apply to your Fotiqo earnings. Configure tax collection and download reports for filing.
Steps
- Go to Settings > Tax to configure your tax settings.
- Enter your VAT or tax registration number.
- Set your default tax rate for domestic clients.
- Configure rules for international clients and reverse charges.
- Choose whether displayed prices include or exclude tax.
- Fotiqo automatically collects tax on applicable transactions.
- Download tax reports from Reports > Tax for your filing needs.
- Consult your accountant for specific tax obligations in your jurisdiction.
💡 Tip: Keep your tax settings up to date. Tax rates change, and incorrect collection can cause issues during filing.
FAQ
Q: Does Fotiqo remit tax on my behalf?
No, Fotiqo collects tax as part of the transaction but you are responsible for remitting to your tax authority.
Q: Are digital products taxed differently from physical products?
In many jurisdictions, yes. Configure separate tax rates for digital and physical products.
Q: Can I get tax invoices for my Fotiqo subscription?
Yes, subscription invoices are available in Settings > Billing with your tax details included.
taxvatpaymentsfilingreports
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