The SRP is typically without tax.

Quoting GSyren:

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Quoting rdodolak:

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The SRP is typically without tax.

Only in the US.

Not just in the US. But even those countries which require retailers to add the tax to the advertised price (i.e. EU), there's still a base SRP that is used to base the tax percentage on.

In the UK, quoted prices for everything always include tax (Value Added Tax in our case).  No one in day to day conversation talks about non VAT prices, unless they're moaning about paying VAT in general on certain things and not on others!  The only people buying anything who're interested in net of VAT prices are businesses, as they can sometimes claim it back.  Prices in shops and online almost always include VAT, unless it's a seller focused on business customers, where they sometimes exclude the VAT in the primary cost they advertise.

Is there actually a formal description of what SRP is?

Not that I'm very interested in SRP prices one way or the other, as they seem pretty meaningless these days and I actually clear that field in my local database.

Quoting SpikyCactus:

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In the UK, quoted prices for everything always include tax (Value Added Tax in our case).  No one in day to day conversation talks about non VAT prices, unless they're moaning about paying VAT in general on certain things and not on others!  The only people buying anything who're interested in net of VAT prices are businesses, as they can sometimes claim it back.  Prices in shops and online almost always include VAT, unless it's a seller focused on business customers, where they sometimes exclude the VAT in the primary cost they advertise.

Is there actually a formal description of what SRP is?

Not that I'm very interested in SRP prices one way or the other, as they seem pretty meaningless these days and I actually clear that field in my local database.

SRP, or sometimes you see MSRP, is usually the recommended price from the manufacturer that the retailer should should sell the item at. From my experience, that doesn't include tax.

But yes, there are many countries that require the advertised price from the retailer to the consumer to include the tax. However, there are many others that do not.

If you import from a country that requires tax to be included in the advertised price, but the consumer doesn't live within the boundaries of said country then the tax may be subtracted from the advertised price. In essance, in these situations, the consumer is being charged the base price.

Although personally I do not consider the SRP to be that important, what I would do is to exclude tax for releases from localities where prices are usually listed without tax, and to include it for releases from localities where consumer prices are including tax. Not unlike what the rules tell us about SRP currencies (and for instance about capitalization rules in different languages). So essentially: match the locality / country in question.