diff --git a/reference/tax_settings.v3.yml b/reference/tax_settings.v3.yml
index a5c30a07d..d717cf5af 100644
--- a/reference/tax_settings.v3.yml
+++ b/reference/tax_settings.v3.yml
@@ -146,7 +146,19 @@ components:
         should_subtract_store_tax:
           default: true
           type: boolean
-          description: This setting applies only if a merchant enters tax-inclusive prices. When enabled, the store subtracts the itemʼs store tax rate before calculating tax using the shopperʼs tax zone. The tax-exclusive amount will be the same across all tax zones. When disabled, the tax-inclusive price remains the same across all tax zones; only the tax amount will vary based on the shopperʼs location. The tax-exclusive amount may vary among tax zones. These calculations are relevant for tax pricing and tax quotations that use basic tax.    
+          description: This setting applies only if a merchant enters tax-inclusive prices. When enabled, the store subtracts the itemʼs store tax rate before calculating tax using the shopperʼs tax zone. The tax-exclusive amount will be the same across all tax zones. When disabled, the tax-inclusive price remains the same across all tax zones; only the tax amount will vary based on the shopperʼs location. The tax-exclusive amount may vary among tax zones. These calculations are relevant for tax pricing and tax quotations that use basic tax.
+        should_use_geolocation_to_determine_guest_shopper_tax_zone:
+          default: false
+          type: boolean
+          description: When enabled, geolocation data will be used to match the guest shopper with a relevant country-level tax zone for tax estimation on the storefront. The geolocation data will be used to determine the corresponding tax zone provided in basic tax - once the corresponding tax zone is found, the tax estimation will be applied to the store.
+        guest_shopper_tax_zone_id:
+          default: 1
+          type: integer
+          description: Describes which tax zone is used for guest shoppers when requiring storefront tax estimation. When applicable, the shopper's geolocation data will be used in favour of the guest shopper tax zone.
+        store_tax_zone_id:
+          default: 1
+          type: integer
+          description: This setting applies only if a merchant enters tax-inclusive prices. Describes which tax zone to use for store tax subtraction.
     Tax_Settings_Req:
       type: object
       properties:
@@ -169,7 +181,7 @@ components:
                 - EXCLUSIVE
         fallback_strategy:
           type: string
-          description: 'Decribes the fallback behaviour that applies when a tax provider produces an error. A merchant may decide to use a flat 10% fallback tax rate, their basic tax settings, or to block the transaction until a successful result can be achieved.'
+          description: 'Describes the fallback behaviour that applies when a tax provider produces an error. A merchant may decide to use a flat 10% fallback tax rate, their basic tax settings, or to block the transaction until a successful result can be achieved.'
           enum:
             - FIXED
             - BASIC
@@ -178,6 +190,18 @@ components:
           default: true
           type: boolean
           description: This setting applies only if a merchant enters tax-inclusive prices. When enabled, the store subtracts the itemʼs store tax rate before calculating tax using the shopperʼs tax zone. The tax-exclusive amount will be the same across all tax zones. When disabled, the tax-inclusive price remains the same across all tax zones; only the tax amount will vary based on the shopperʼs location. The tax-exclusive amount may vary among tax zones. These calculations are relevant for tax pricing and tax quotations that use basic tax.
+        should_use_geolocation_to_determine_guest_shopper_tax_zone:
+          default: false
+          type: boolean
+          description: When enabled, geolocation data will be used to match the guest shopper with a relevant country-level tax zone for tax estimation on the storefront. The geolocation data will be used to determine the corresponding tax zone provided in basic tax - once the corresponding tax zone is found, the tax estimation will be applied to the store.
+        guest_shopper_tax_zone_id:
+          default: 1
+          type: integer
+          description: Describes which tax zone is used for guest shoppers when requiring storefront tax estimation. When applicable, the shopper's geolocation data will be used in favour of the guest shopper tax zone.
+        store_tax_zone_id:
+          default: 1
+          type: integer
+          description: This setting applies only if a merchant enters tax-inclusive prices. Describes which tax zone to use for store tax subtraction.
     MetaOpen:
       title: Response meta
       type: object