Taxes for a point-based shop

Klopp
Excursionist
17 1 2

Hi everyone,

I'm planning to launch a point-based shop with 2-3 products. Each of them have a point-based cost (eg. 200, 250, 300) and you need to have those points in your account.

I was thinking to use Shopify as a platform, having the product price as the field that will give me the number of points, even if I will have a currency active (eg. Euro). However, I don't know if this is the proper way of doing this.

What's the best way of handling the taxes with this approach?
Will I be taxed for point-based products?
How loyalty apps that offer points usually deal with taxes?

Looking forward to hearing back from you.

Replies 0 (0)