FPT (Fixed Product Taxes) is a useful feature that allows you to apply a fixed tax amount to specific products, regardless of their price or location. This feature comes in handy when dealing with special tax requirements like environmental fees or surcharges.
Magento 2, a powerful e-commerce platform, offers robust tools for managing various types of taxes, including Fixed Product Tax. In this guide, we will walk you through the process of setting up Fixed Product Tax in Magento 2. By the end of this guide, you will have the knowledge and confidence to effectively use FPT for your tax management needs. Let’s dive in and discover how FPT can simplify your tax calculations and ensure accurate taxation for specialized products.
What Is A Fixed Product Tax In Magento 2?
Fixed Product Tax (FPT) in Magento 2 is a feature that allows you to handle taxes on products that have unique tax requirements, such as environmental fees or surcharges.
With FPT, you can assign a fixed tax value to individual products, ensuring consistent and predictable tax calculations. This feature is particularly useful for businesses that deal with specialized products or items subject to specific tax regulations.
By implementing Fixed Product Tax in Magento 2, you can simplify your tax management processes and ensure accurate taxation for products that require a fixed tax amount, irrespective of changes in price or location.
How To Configure FPT (Fixed Product Taxes) In Magento 2?
In this guide, we will explore the steps to configure fixed product taxes in Magento 2, empowering you to accurately calculate taxes for your products. So, let’s dive in and unlock the power of Magento 2’s fixed product tax configuration.
Step 1: Go to the admin panel, navigate to Stores, and choose Configuration (under Settings)
(Admin Panel => STORES => Configuration)
Step 2: Expand Sales in the left menu and select Tax in the dropdown
(SALES => Tax)
Step 3: Enable the Fixed Product Tax
Firstly, you must expand the Fixed Product Taxes in the right as the following.
Secondly, within the FPT section, you will find options for different price displays. Select the appropriate settings for “Product Lists,” “Product View,” “Sale Modules,” and “Emails” to determine how FPT is displayed in these areas.
Thirdly, set the “Apply Tax to FPT” option according to your requirements. If you want the tax to be applied to the FPT amount, select “Yes.”
If necessary, set the “Include FPT In Subtotal” option to “Yes” to include the FPT amount in the subtotal calculation.
After configuring the FPT settings, click on the “Save Config” button to save your changes.
Remember to save the configuration to ensure that the FPT settings are applied correctly. These steps allow you to customize how FPT is displayed and how it is included in calculations in various areas of your Magento 2 store.
Step 4: Create a new Fixed Product Tax attribute
Go to the admin panel, navigate to STORES, and choose Product (under Settings)
(Admin Panel => STORES => Configuration)
Then, click on the Add New Attribute button.
Next, set a Default Label for the new attribute and select Fixed Product Tax in the Catalog Input Type for Store Owner section.
After that, Expand the “Advanced Attribute Properties” section. Here, you have the option to enter an “Attribute Code” if desired. This code should be lowercase, without spaces or special characters, and should be fewer than 30 characters. If left blank, the attribute will automatically take the value from the Default Label.
If you want to display the Fixed Product Tax attribute in the inventory grid, set the “Add to Column options” to “Yes.” This will include the attribute as a column in the grid view.
Additionally, if you wish to apply a filter for products based on FPT values, set the “Use in Filter Options” field to “Yes.” This allows you to filter products in the inventory based on their Fixed Product Tax values.
After making the necessary configurations, click on “Save Attribute” to save your settings.
Finally, don’t forget to flush the cache to ensure the changes take effect.
Step 5: Add the new FPT attributes to a specific attribute set
Go to your Magento 2 Admin Panel and navigate to the “STORES” tab in the main menu. From the dropdown menu, select “Attribute Set” under the “Attributes” section.
(Admin Panel => STORES => Attribute Set)
You will be presented with a list of available attribute sets. Choose the one to which you want to add the newly created FPT attribute and click on it.
In the attribute set configuration page, you will see three columns: “Groups,” “Unassigned Attributes,” and “Assigned Attributes.”. Look for the newly created Fixed Product Tax attribute – FPT in the “Unassigned Attributes” column.
Select the FPT attribute and drag it to the “Group” column where you want it to be assigned within the attribute set. Once you have placed the FPT attribute in the desired group, click on the “Save” button to save your changes.
Step 6: Apply FPT (Fixed Product Tax) for products
Go to the admin panel, navigate to PRODUCTS, and choose the field Catalog (under Inventory)
(Admin Panel => PRODUCTS => Catalog)
Locate and select the item to which you want to add the Fixed Product Tax.
In the product settings page, scroll down until you find the FPT (Fixed Product Tax) section. Within the FPT section, select the applicable Country/State where the tax applies.
In the Tax field, enter the specific amount of tax you want to apply to the item.
Once you have entered the tax amount and selected the applicable Country/State, click on the “Save” button to save your changes.
With this guide, you now have the knowledge to effectively set up Fixed Product Tax in Magento 2 and streamline your tax management processes. If you have any questions, don’t hesitate to reach out. Happy configuring!