Tuesday 15th June, 2021
Dublin based Stripe has announced the launch of Stripe Tax to help businesses automatically calculate and collect sales tax, value-added tax (VAT), and goods and services tax (GST) in over 30 countries.
Stripe Tax makes every aspect of global sales tax handling as frictionless as the rest of Stripe. It automates tax calculation and collection for transactions on Stripe, tells businesses where they need to collect taxes, and creates comprehensive reports to make filing taxes easy.
“No one leaps out of bed in the morning excited to deal with taxes,” said John Collison, co-founder and president of Stripe. “For most businesses, managing tax compliance is a painful distraction. We simplify everything about calculating and collecting sales taxes, VAT, and GST, so our users can focus on building their businesses.”
Highly scaled and global businesses like NewsUK, as well as fast-growing internet startups like Tuple and Routetitan, can use Stripe Tax to simplify their tax compliance across multiple products and geographies.
Ruan Odendaal, Head of Subscriptions Platform at NewsUK said: “Directly integrating Stripe Tax into our subscriptions platform will save us countless hours—time that can be better spent elsewhere.”
Stripe is an Irish-American financial services and software as a service company dual-headquartered in San Francisco and Dublin.