Marketplace Tax Split
Split marketplace sales and tax between facilitator and seller collection.
Description
Marketplace tax allocation splits gross sales between facilitated and seller-collected portions.
Marketplace tax allocation splits gross sales between facilitated and seller-collected portions. Both portions use the same supplied tax rate in this model.1
Split marketplace sales and tax between facilitator and seller collection.
When to use Marketplace Tax Split
Use this tool to split marketplace sales and tax between facilitator and seller collection.
Choose the specific arithmetic or checklist scenario and establish its input amounts, dates, rates and criteria from the applicable records. Keep currencies, periods and jurisdictions consistent; review the tool-specific assumptions before interpreting the result.
How to use Marketplace Tax Split and understand its results
- Choose the specific arithmetic or checklist scenario and establish its input amounts, dates, rates and criteria from the applicable records. Keep currencies, periods and jurisdictions consistent; review the tool-specific assumptions before interpreting the result.
- Enter grossMarketplaceSales, facilitatorCollectedSharePercent, taxRatePercent using the field table and calculation rules, then run the tool.
- Read facilitatorSales, sellerSales, facilitatorTax, sellerTax. The explanation below defines the units, signs, ordering and any flags or placeholder values.
- If the tool reports an input issue, correct the values and run it again. Apply the stated assumptions when interpreting a successfully returned result.
| Input field | Meaning | Value type; see rules below | Requirement |
|---|---|---|---|
| grossMarketplaceSales | Gross marketplace sales | number; minimum: 0 | Required |
| facilitatorCollectedSharePercent | Facilitator-collected share (%) | number; minimum: 0; maximum: 100 | Required |
| taxRatePercent | Sales tax rate (%) | number; minimum: 0 | Required |
Enter nonnegative gross sales/rate and facilitator percentage in 0–100. Return sales and modeled tax for each collector.
facilitated=grossSales×share/100; seller=grossSales−facilitated; taxEach=portion×rate/100 Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.
| Output field | Meaning | Value type |
|---|---|---|
| facilitatorSales | Facilitator-collected sales | number; minimum: 0 |
| sellerSales | Seller-collected sales | number; minimum: 0 |
| facilitatorTax | Facilitator tax | number; minimum: 0 |
| sellerTax | Seller tax | number; minimum: 0 |
{
"input": {
"grossMarketplaceSales": 1000,
"facilitatorCollectedSharePercent": 60,
"taxRatePercent": 10
},
"output": {
"facilitatorSales": 600,
"sellerSales": 400,
"facilitatorTax": 60,
"sellerTax": 40
}
}Limitations and assumptions
The share and taxability are supplied; facilitator duties, exemptions and seller nexus are not established.
Numeric inputs must be finite. Follow the calculation-specific rules for overflow, underflow and exceptional cases. Missing required fields, extra fields, wrong value types and violations of the calculation rules are input errors.
Alternative or Complementary methods
Use Nexus Threshold Screen: Compare sales and transaction counts with caller-supplied nexus thresholds. For a complementary task, use Use Tax Amount: Calculate use tax from a caller-supplied rate and subtract sales tax already paid.
References
-
Marketplace Tax Split — tool.io
Similar or alternative tools
- Nexus Threshold Screen
Compare sales and transaction counts with caller-supplied nexus thresholds.
- Use Tax Amount
Calculate use tax from a caller-supplied rate and subtract sales tax already paid.