Wrong VAT calculation

  • Resolved jedi

    (@jencor)


    6 years, 4 months ago

    Hello,

    I have a product that costs CHF 59.00, VAT is 7.7%, so VAT should be CHF 4.543, and not CHF 4.22 like the shop calculate it right now.

    Why does WooCommerce calculate it wrong?
    Can anyone help me?

    Best regards

    • This topic was modified 6 years, 4 months ago by jedi.
    • This topic was modified 6 years, 4 months ago by jedi.
Viewing 1 replies (of 1 total)

  • VAT is calculated as a percentage of the money that the seller receives. Its not a percentage of the final price. So:

    Seller gets 54.78
    Tax man gets = 54.78 x 7.7% = 4.22
    Customer pays 54.78 + 4.22 = 59.00

Viewing 1 replies (of 1 total)
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