Stripe has never been great at handling taxes, it has always involved a lot of complex work such as manually creating tax rates per location and havin

Ultimate Stripe Tax Guide for SaaS

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2021-06-11 15:30:10

Stripe has never been great at handling taxes, it has always involved a lot of complex work such as manually creating tax rates per location and having to code in a lot of location based logic to give each customer their correct tax rate. That is until now, Stripe Tax has just launched and with it comes automatic tax/VAT collection functionality you would be familiar with if you've used systems such as Taxjar, or Avalara.

In this guide we're going to be explaining exactly how to start using Stripe Tax with your SaaS so you can be tax/VAT compliant automagically.

Stripe Tax is a new product that Stripe is offering which will allow for you to automatically collect taxes from your customers, based on where they are located.

On top of this, you will be able to see what countries you may be doing enough business to warrant tax collection in as well as offering an easy way to file/remit your taxes during tax time.

The first thing you'll need to do to get started is enable Stripe Tax in your Stripe settings - once you do that you can start configuring Stripe Tax by entering your Origin Address (The place where your business is located) as well as your default tax code.