Information from SKU IQ to assist in the setup and verification of tax settings in TikTok Shop Seller Center
When setting up your TikTok Shop for the first time, you will need to provide information and complete forms about yourself or your business entity in order to comply with the tax regulations of the United States Internal Revenue Service. This is because TikTok Shop acts as the merchant of record for sales on its platform. Please note that SKU IQ is not responsible for tax information as we are not the merchant of record, but we are happy to help navigate the process. This article will guide you on how and where to find the necessary details to successfully configure your TikTok Shop tax settings.
How to Access Tax Settings in TikTok Shop Seller Center
1. Log into your TikTok Shop Seller Center from the owner account, and navigate to Taxes under My Account>Account Settings
2. On the Taxes screen, you can review your current tax settings and edit using the purple Edit button in the upper right. To submit new forms or start a fresh account if you don't see your information on file, click Submit New Form in the upper right.
3. Fill out and submit any required forms for your business and confirm/consent to complete taxes setup.
🚨Caution: SKU IQ is not responsible for the over- or under-collection of shipping fees and/or sales taxes. Sellers are advised to consult with TikTok Shop to ensure that these fields are set up correctly.
4. To obtain more detailed information on how to set up your tax information with TikTok Shop, please refer to this article on TikTok Shop Academy. Please note that you will need to be logged into a TikTok Shop Seller account in order to access the article. Once you have gained access to the article, you can navigate to the right content navigator and click on "Add your tax information" to see specific guidelines and requirements for tax setup.
Conclusion
Remember, TikTok Shop is the merchant of record for sales on its platform, so they handle the tax compliance aspect for you. By providing the necessary information and completing the required forms, you can rest assured that your TikTok Shop is in compliance with the tax codes of the United States Internal Revenue Service.
In summary, once you have completed your tax setup, TikTok Shop will automatically handle your sales tax configurations. If you encounter any issues or have questions, don't hesitate to contact TikTok Shop support for assistance.