Sunday, September 25, 2022
Home Tech News Shopify Markets gets Avalara’s duty and import tax compliance technology 

Shopify Markets gets Avalara’s duty and import tax compliance technology 

U.S.-based tax compliance automation firm Avalara yesterday announced that its cloud-based cross-border compliance capabilities will be used in the duty and import tax feature of Shopify’s newly launched end-to-end cross-border solution, Shopify Markets. 

Related:

Shopify launches cross border e-commerce solution

With Avalara Cross-Border Estimated, a new patent-pending feature of Avalara AvaTax Cross-Border natively available in Shopify Markets, merchants will be able to calculate the appropriate duty and import taxes at checkout, without requiring tariff codes. The feature uses Avalara’s artificial intelligence engine and global compliance content database to generate landed cost pricing, determining duty and import tax requirements for more than 180 countries. 

Moreover, Avalara says it provides customers with landed cost estimates in the cart in real-time, to reduce unexpected costs at delivery. 

“The power and promise of the internet was for businesses to reach customers anywhere, anytime. Ecommerce makes that a reality for buyers and sellers,” said Scott McFarlane, chief executive officer and co-founder at Avalara. “However, cross-border commerce comes with increased compliance complexity that can create risk for merchants. Shopify Markets provides merchants with the automated duty and import tax capabilities of Avalara’s cross-border solutions to streamline the checkout process and provide estimates to customers in cart, minimizing surprise costs, and reducing compliance risk.”

Avalara also announced the expansion of its cross-border capabilities with the acquisition of Quebec-based 3CE Technologies, a company that provides harmonized system (HS) commodity classification codes and verification solutions to private businesses and government agencies. Through the acquisition of 3CE, Avalara expands its current cross-border compliance offerings by further automating its HS code classification services and self-service capabilities for businesses of all sizes, in addition to serving customers in government and manufacturing.

“This acquisition brings together best-in-class HS classification technology to automate the onerous process of identifying and mapping codes for cross-border transactions. As part of Avalara’s cross-border team, we are committed to removing barriers to global commerce for businesses of all sizes,” said Randy Rotchin, president and chief executive officer of 3CE Technologies.

- Advertisment -

Most Popular

Brock Boeser refocused on hockey as Vancouver Canucks kick off training camp

Brock Boeser believes this is his year. The Vancouver Canucks right-winger struggled at times last season while dealing with the declining health of his father,...

From 3D glasses to her first broadcast, Queen Elizabeth and technology throughout the years

It’s been 96 years of innovation (Picture: Getty Images/PA)From 3D speeches and Paddington Bear sketches to her first tweet and passion for photography, here’s...

T-Mobile adds domestic United flights to its free in-flight Wi-Fi roster

/ United joins Alaska and Delta on T-Mobile’s list of airlines with in-flight Wi-Fi included in Magenta and Magenta Max planT-Mobile continues adding...

Shattered Dreams and Bills in the Millions: Losing a Baby in America

The day after his 8-month-old baby died, Kingsley Raspe opened the mail and found he had been sent to collections for her care. That notice...