Managing various taxes and making them applicable for each product is very easy in CloudShoppy. All you need to do is add a tax class under Administration -> Tax and click on Add Tax button.
You can add a tax class name and the rate in percentage.
Once this step is completed, you will see list of all the tax classes you add under your shop as shown in the image below.
You can now apply the tax classes to the products under Product -> Taxes tab of any of the product.
Select the check box of the tax applicable to the product.