Part of Shopify Markets, the new duty and import tax feature natively uses Avalara technology and content to generate landed cost pricing to determine duty and import tax requirements for more than 180 countries. Avalara also announced the expansion of its cross-border capabilities with the acquisition of 3CE Technologies, a company that provides Harmonized System commodity classification codes and verification solutions.
According to eMarketer, global ecommerce saw significant growth in 2020, growing 27.6% to USD 4.2 trillion. Global sales are increasing rapidly as more consumers shop online, and more businesses take advantage of the ease of selling products online, while Shopify merchants generated USD 20 billion in cross-border sales in 2020 alone, according to data put forth by eMarketer.
With Avalara Cross-Border Estimated, a new patent-pending feature of Avalara AvaTax Cross-Border, natively available in Shopify Markets, merchants can calculate the appropriate duty and import tax fees at checkout, without requiring tariff codes. Avalara Cross-Border Estimated provides merchants a way to meet their cross-border business requirements and the flexibility to make decisions on their duty and import tax determinations.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now