One more good news for the Muvi Billing customers- managing differential tax brackets is now at your fingertips with its new taxation feature! Be it digital goods or SaaS, sales tax varies significantly from country to country or state to state. In addition to this, the delivery model also plays a vital role in determining the tax. For instance, in many countries/states the physical sales of software are taxable, while the digital sales of the same are tax-exempt. It is a point of concern for the business owners to handle the taxation while complying with these rules. But from now on, Muvi Billing will take care of all these. How? Let’s have a glimpse!
Highlights of Muvi Billing’s New Taxation Feature:
1. Country/State-wise Taxes
Muvi Billing customers can now configure the country & state-wise taxes for their international Businesses on a single window.
Use Case: X is a Muvi Billing customer, who owns a OTT store. X has decided to expand the customer base to the U.S. and U.K. and wants to add the respective taxes. X doesn’t have to go through any complex process as he can set it up through a few clicks of buttons after logging into his Muvi Billing dashboard!
2. Instant Go Live
Want to add tax for a new country or state? You don’t need to go through a complex set-up and go-live procedure, just log in to the Muvi Billing dashboard, click on the manage tax menu, select the specific country and state from the dropdown and mention the tax percentage- you are done! Let’s see how it makes a difference?
Suppose, A runs a B2B SaaS business with an international audience. A wants to set up taxes for the Germany customers.
Case 1: A conveys the same to the developer team, the developers reach out to the testing team once the coding is done, and after a lengthy process it gets live.
Case 2: A is a Muvi Billing customer and he just logs in to the dashboard and sets it up in a few minutes!
3. Revenue Analytics
Managing the billing for an international store includes analyzing the country-wise or state-wise revenue and taxes earned, file returns, and all the relevant data. These data plays a vital role in carrying out the overall accounting procedures for your business. As a customer of Muvi Billing, you will get analytical reports on business transactions happening across the geographies on timely basis! So, it’s much easier now to plan your next move in order to improve the revenue earned.
4. Set Taxes for Every Location
The Muvi Billing’s taxation feature lets you set up various taxes such as VAT, sales tax, GST, entertainment tax, etc. without needing to code, test, and wait for long!
Use Case: B has just opened an e-commerce store and wants to add GST on the products for various locations. With Muvi Billing, B sets it up by himself without relying on coding or waiting further!
To know more about Muvi Billing’s Taxation feature, visit our Add Taxes Feature Page.
If you haven’t tried Muvi Billing yet, take a 14-day free trial today (no credit card required)!