Meta Business Payment Tax Settings Update

This guide outlines the steps to update the payment tax settings for your Meta Business account.

Prerequisites

Before updating the payment tax settings, ensure that:

• You have administrator access to your Meta Business account.
• Your account is connected to the correct payment method and region.
• You are familiar with the tax regulations applicable to your business location.

Steps to Update Payment Tax Settings

1. Log in to Meta Business Manager

• Visit the Meta Business Manager.
• Log in using your business administrator credentials.

2. Access the Payments Settings

• From the Business Manager Dashboard, click on the Business Settings menu.
• In the left sidebar, scroll down and click on Billing & Payments section.

3. Select Tax Settings

• Under the Business info section, click on Edit.

• Enter the appropriate Tax information based on your business location.

  • VAT ID for European Union businesses.
  • GSTIN for businesses in India or other GST applicable countries.
  • Tax Identification Number for businesses in the United States or other regions with a TIN.
  • Enter the required tax identification number (e.g., VAT number, GST number).
  • Example: For EU businesses, ensure VAT is applied based on the country-specific rate.

4. Review and Confirm

• Review the updated tax settings to ensure accuracy.
• Click Save to apply the new tax settings.

Troubleshooting

• Issue: Tax ID is not accepted.

• Solution: Double-check the format of your tax ID and ensure it is valid for the selected region.