3 minute read
Boost B2B Sales: A Look at Shopify’s Winter ’25 Edition Tax Exemption Update
As the holiday season approaches, the world’s leading eCommerce platform Shopify has announced its Winter ’25 Edition update, bringing exciting new features and improvements for its users. Among these updates is a game-changer for B2B businesses: tax exemptions for wholesale orders.
B2B sales, or business-to-business sales, are transactions between two businesses, not between a business and a consumer. B2B businesses often face complex tax regulations, and Shopify’s update aims to simplify these processes.
With the Winter ’25 update, Shopify is introducing a new feature that will allow businesses to apply tax exemptions to specific customers or orders. This means that B2B businesses will no longer have to manually calculate and adjust taxes on wholesale orders, saving them valuable time and effort.
To take advantage of this new feature, businesses will need to set up exemptions for customers, which can be easily done through the Shopify admin portal. Businesses can create rules for specific customers or groups of customers, such as those who have a valid seller’s permit or tax exemption certificate. Once these rules are set, the tax exemption will be applied automatically when the customer makes a payment. This update comes at a crucial time for B2B businesses, as the demand for online wholesale orders has increased significantly in recent years.
With traditional brick-and-mortar B2B sales being restricted due to the ongoing pandemic, businesses need to maintain a strong online presence to survive. And since Shopify is the most popular eCommerce platform, this update will undoubtedly benefit countless B2B businesses around the world.
In addition to tax exemptions, the Winter ’25 update also includes other features, such as improved product page customization options, expanded customer segmentation, and new inventory management tools. The goal of these updates is to enable businesses to provide customers with a smooth and personalized online shopping experience.
Going into 2025, B2B businesses can focus on increasing sales and building relationships with customers rather than worrying about complicated tax procedures. Shopify’s Winter ’25 update continues to demonstrate the platform’s commitment to helping businesses thrive in an ever-changing eCommerce landscape.