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> When I asked stripe how we can handle taxes they just told me to use another Saas to do the tax calculating for me. Do you know if most people actually do th
by seanwilson 6y ago
> When I asked stripe how we can handle taxes they just told me to use another Saas to do the tax calculating for me.
Do you know if most people actually do this? I feel like they don't because I hear about Stripe a lot but never how people handle tax.
> Sure paddle takes away like %10-20 from each payment for their service but it really saves stressing over taxes and other things.
Just to clarify for others, but it used to be 5% + $0.50 for Paddle fees and Paddle take out the country specific tax (which they don't have a choice in) before sending anything to you, leaving you the rest.
So payments from e.g. the US to the UK you won't lose anything extra to tax but from EU countries to the UK the VAT ranges from about 15% to 25% depending on the country (and these tax rules are always changing, but Paddle deal with this for you).
- polishdude20 6y agoNot sure if most people do it. I feel like they don't just due to the complexity?
- seanwilson 6y agoIt's tax though. They'll get in trouble eventually surely? Having to clean up a tax mess after it's been going on for years (over multiple countries too) is one of my worst nightmares but I feel most people aren't this cautious haha.
- polishdude20 6y agoI'm guessing enough people slip through the cracks :/
- colesantiago 6y agoIt may be that most users of Stripe: 1. Use another Saas like Quaderno, Taxjar, Octobat or Avalara. 2. Are mostly US based businesses and don't care for EU based taxes. 3. Haven't yet reach the threshold for charging VAT and Stripe on its own.