6.16.2 Exchange
rates
The exchange rates for the other currencies should then be entered
accordingly. The default currency exchange rate is always 1 of course.
6.16.3
Has decimals fractions?
Some currencies such as Japanese Yen and Taiwanese Dollars have no
decimal fractions. So whereas a price in Europe could be 2.35, a price in JYN
or NTD is always an integer value. To accommodate this, CactuShop lets you
specify if the currency has decimal fractions or not. This ensures that it rounds
to the right number of decimal places (0 or 2).
6.17 Tax
Rates
Some items might have no tax (0%), others might have a standard rate, and
some items may even have a special rate. By default, CactuShop supports up
to four different tax rates, but adding more is relatively simple. Setting up
these tax rates is not to be confused with whether or not tax applies to
certain individuals because of their location. For example, in the UK, even an
item that requires tax will be tax free to someone from outside the EU. The
determination of which customers pay tax (as opposed to which items require
tax) is handled in section 6.18.1.
6.17.1
European Union tax handling
CactuShop has support for EU VAT. If you are running a consumer oriented
site, you may decide that you will assume all customers are consumers and
there are no VAT registered companies making purchases. In this case, set up
for EU VAT will be as follows:
1. Set each of the EU countries (destinations) to charge tax. For
more information on setting up destinations see 6.18.1.
2. Ensure
the
euvatcountry
config setting is left blank. This
way, customers from any EU country will be charged VAT at
the appropriate rate for each product they purchase.
Customers outside the EU will not be charged tax.
3. Ensure
the
euvatnumbercheck
config setting is set to `n'
since you are not taking EU VAT numbers, you don't want to
check them!
If you will have customers who are VAT registered businesses in other EU
countries, you can set CactuShop up to collect EU VAT numbers where
applicable, check these, record them and deduct tax from the order. Follow
these steps:
1. Set each of the EU countries (destinations) to charge tax. For more
information on setting up destinations see 6.18.1.
2. Set
the
euvatcountry
config setting to the two letter ISO code of
the country where your store is located (see 7.4.17.1). Note: in
some cases this is NOT the same as the two letter country prefix
used in European VAT numbers. This way, the store knows to
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