Shop Orders
Orders place on your Lovingly Shop.
Calculating the Total Tax Due on an Individual Order
To calculate the total tax due on an individual order, begin by subtracting any discount from the Taxable Subtotal. Then, multiply that amount by your local Sales Tax Rate. Separately, multiply any Delivery Fee by your local Sales Tax Rate. Add those two figures together, and you have your Total Tax due.
Calculating the Amount of Tax Applied to the Standard Service Fee
The amount of tax applied to the $9.99 Standard Service Fee is calculated by multiplying the $9.99 Standard Service Fee by the appropriate tax rate in your location.
Calculating the Credit Card Services Fee on an Individual Order
The credit card fees due on an individual order are 2.9% of the Gross Total + 0.30
Calculating the Lovingly Services Fee on an Individual Order
The Lovingly Service Fee on an individual order is calculated by subtracting the Standard Service Fee with Tax and the Non-Taxable Subtotal from the Gross Total, then multiplying that figure by your service rate (e.g., 17%).
Calculating the Total Service Tax on an Individual Order
Digital products and electronic services (including the Software as a Service (Saas) services Lovingly provides) are taxed in Canada and are subject to PST, GST, or HST. We are required by law to collect sales taxes on our Lovingly Service fees.
To calculate the total Service Tax on an individual order, add together the Credit Card Services Fee and the Lovingly Services Fee. Multiply that figure by your local Sales Tax Rate, and you have the Service Tax amount.
Calculating the Net Revenue on an Individual Order
The Net Revenue on an individual order is calculated by subtracting all Taxes and Fees from the Gross Total.
Marketplace Orders
Orders placed on Lovingly.com.
Calculating the Total Tax Due on an Individual Order
To calculate the total tax due on an individual order, begin by subtracting any discount from the Taxable Subtotal. Then, multiply that amount by your local Sales Tax Rate. Separately, multiply any Delivery Fee by your local Sales Tax Rate. Add those two figures together, and you have your Total Tax due.
Calculating the Amount of Tax Applied to the Standard Service Fee
The amount of tax applied to the $9.99 Standard Service Fee is calculated by multiplying the $9.99 Standard Service Fee by the appropriate tax rate in your location.
Calculating the Credit Card Services Fee on an Individual Order
The credit card fees due on an individual order are 2.9% of the Gross Total + 0.30
Calculating the Marketplace Service Rate Fee on an Individual Order
The 10% Marketplace Service Rate fee on an individual order is a fixed 10% rate of the Gross Total minus the Standard Service Fee with Tax and the Non-Taxable Subtotal. The Credit Card Fee & the Lovingly Services Fee combined add up to the 10% Marketplace Service Rate fee.
Calculating the Sales Tax on the Marketplace Service Rate Fee
To calculate the Sales Tax on the 10% Marketplace Service Rate fee on an individual order you need to first calculate the 10% Marketplace Service Rate fee by adding together the Credit Card Fee & the Lovingly Services Fee. Then, multiply that figure by your local Sales Tax Rate to find the Service Tax amount.
Calculating the Net Revenue on an Individual Order
The Net Revenue on an individual order is calculated by subtracting all Taxes and Fees from the Gross Total.
Have any questions? Please don't hesitate to reach out.