We have a store where we sell 2nd hand items. These items have a special way of tax calculation.
Cost of item 50€
Sales price 60€
Normally VAT is 21%, which means the final price that a customer sees is 72,60€.
In this case, VAT should be calculated on the "profit", 60 - 50 = 10€.
Final price should be 62,10€ (21% of 10€ is 2,10€).
Is there any existing app that can manage this? Is this even possible in Shopify?
Another option would be to create a seperate product with the price of 10€. Charge VAT on that product, but not on the main item.
Does anyone have any idea if something like this exists, or if it is easy to create?