Today Stripe have announced the launch of Stripe Tax, one of their customers most requested features. It’s not surprising that this was on the agenda for Stripe considering their acquisition of TaxJar in May. The new feature will help businesses automatically calculate and collect sales tax, value-added tax (VAT), and goods and services tax (GST) in over 30 countries.
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.
How Stripe Tax works
This new feature aims to radically simplify tax compliance for businesses across more than 30 countries. Features include:
- Real time tax calculation: By determining the end customer’s precise location, and matching that to the product or service being sold, Stripe Tax always calculates and collects the right amount of tax, an
For Full Article –
You can Find it Here: Stripe Tax launches to simplify global tax compliance
Very interesting news and links can be read on the full article.