Annual recurring Tax on Quotes

[LMParker]

In New Zealand and Australia, we operate under GST (Goods and Services Tax) regulations. In Australia specifically, it’s a legal requirement to explicitly mention GST on a quote.

However, when dealing with multi-year deals, there’s a unique consideration. The “One-Time Tax” dropdown function within HubSpot’s quoting tool only applies to the initial billing term. So, if companies are billed annually across multiple years, GST is only factored into the first year. Consequently, the Total Contract Value (TCV) won’t precisely represent the entire cost of the deal since it won’t account for GST in the subsequent years.

All I ask is for HubSpot to include a Tax option that is not just ‘one-time’, but applies to multiple billing terms.

[DianaGomez]

Hi @LMParker,

Thank you for your valuable suggestion!

I have observed a similar concept already under discussion in our Ideas Forum: Tax by line item on quotes. A product expert has previously mentioned, "Support for recurring taxes is currently a focus on our roadmap and a crucial aspect of this is implementing taxes at the line item level (as having tax on an item with a recurring billing frequency will indicate that the tax amount should also recur).

To contribute, kindly upvote the existing idea and provide further details regarding your specific use case in the comments section. By doing so, you will automatically receive all the updates and comments made by the product team on this feature.

Best,
Diana