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Stripe Tax

• adithyasrin 5y ago
  Really excited for this, hopefully Stripe brings out being a merchant of record soon too!
  • troelsSteegin 5y ago
    I had to look up "merchant of record" [0]. I think the implication of Merchant of Record platform-wide would be that Stripe would own the customer-vendor relationship, and that Stripe would become something like Amazon Marketplace. I agree that as a "feature" MOR has a market, but I would see risk for Stripe as being seen as a competitor to its customrs, vs as a processor for them. [0] https://www.venable.com/insights/publications/2019/05/will-the-real-merchant-of-record-please-stand-up https://www.venable.com/insights/publications/2019/05/will-t...
• admissionsguy 5y ago
  Very happy to see this, it is such a necessary feature. I was recently looking for an option to enable VAT calculation in Stripe and couldn't believe it wasn't there. Now it is, and it looks very well done as Stripe's features usually are. But 0.5% fee per transaction is.. steep.
  • chinathrow 5y ago
    Yes, the 0.5% adds up. 0.5% for Billing, 2.9% + 30c per transaction, more if you add e.g. fraud for teams etc. Stripe is great and I use it too, but the way they charge you (a percentage of your revenue) is simply not that fair in the long run while their workload has a fixed cost per transaction.
    • ttoinou 5y ago
      Seems very fair pricing compared to competitors
      • edwinwee 5y ago
        Yep, Stripe prices its products pretty competitively and talks to many beta testers before we settle on pricing. I think even adding all this up, it's less expensive than merchant of record providers like Paddle.
      • drexlspivey 5y ago
        Why does it have to be a percentage of your revenue? It’s doing exactly the same thing for a $100 invoice and a $10000 invoice, why does the latter cost 100x more?
        • duckmysick 5y ago
          Value. A service Y makes it easier to collect that $10000 invoice. Inversely, by not using a service Y, you might not see those $10000 or it will be more difficult to do so. A glass of water has more value to you when you're thirsty.
        • ttoinou 5y ago
          Why not ? If you have small transactions you end up not paying a lot, and the more you make money the more you pay Stripe. If you make so much money that you can have your own tax system, good for you ! Implement it and don't pay Stripe :) Fixed price schemes would be less fair for small businesses that want to grow. Stripe helps you to grow, so that your company becomes the one big enough to "subsidize" the small ones after benefiting this pricing in the first stage
    • hardwaresofton 5y ago
      Welcome to the world of saavy SaaS businesses. Smart/enterprising SaaS founders and businesses these days all know to tie their billing to whatever metric/KPI they are solving for customers -- per-seat billing, per-pageview, etc. Why make a little money (even if it's 2-10x your cost) when you can make much more by taking a small-seeming percentage of every single <whatever> that comes through your business. When your customer wins (and when they aren't winning you aren't a huge strain on their wallets) you win, and if the 0-5% eaten up by their bundle of SaaS products never matters to them, then you get wildly rich doing it and no one is angry about it, since the incentives are aligned. Then you plow that extra revenue (that you wouldn't have gotten from the simple 2x-10x your cost) into expanding your service offering so you deliver so much value (or perceived value) that moving away from your service just doesn't make sense. This is HN and just about everyone and their mother knows this at this point, and has been living it for longer than I've been writing computers but I'll say it anyway -- Stripe is the dream SaaS company, essentially a financial middleman that no one hates (yet?). The SaaS promised land is a somewhat close cousin of the dystopian everyone-is-a-renter-and-only-a-few-own-the-capital future. Maybe the hand wringing I'm doing is wrong -- maybe it should have been the case all along that solution providers should have extracted a never ending royalty on the revenue generated by the solutions they provide. Not only service providers but maybe workers should want that (no one remembers pensions, but they kind of were this) too. Who knows. If you can sell a music single album to 0.3% of America for $1, you get $1MM. If you do that with a Stripe store, Stripe gets ~$30k, for infrastructure that probably cost them less than $300 to host (for a single customer) and an ever-decreasing amortized amount to build (assuming they eventually stop growing their development workforce for growth stake). The artist that just made $1MM probably doesn't care about $30k as a millionaire (maybe they should, maybe they shouldn't). It's a win-win, and it's why Stripe's goal is to increase the GDP of the internet.
      • justsomeuser 5y ago
        Apparently Buffet calls this a “toll booth” business. Once the road is built (customer integrates Stripe into their state machine), you can just keep collecting their toll for driving on the Stripe highway.
    • eps 5y ago
      Don't forget they also force-convert payout wires to your native currency if you aren't in the US. Even if you operate mostly in USD, have USD accounts, etc.
      • chinathrow 5y ago
        Yes, I omitted the 2% currency conversion fee if you payout in to another currency. I solved this partially by using Wise (formerly Transferwise) for USD->XYZ conversion and paying way less now.
  • kmoriarty 5y ago
    Thanks for the feedback! Completely understand your reaction to pricing. For a bit of context, we’ve spent the past year listening to users and trying to understand the best way to price. In finalizing our launch pricing, we made sure there are no fixed upfront costs or contracts, nor are there any per transaction fixed fees either. We tried to find a price point that ultimately was not prohibitive for small businesses but also portrayed the value of the product itself. Please do keep the feedback coming, we’re always open to hearing more from users: kmoriarty@stripe.com
    • deleted 5y ago
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    • mchusma 5y ago
      My honest feedback on pricing was "expensive but we would only want to apply it on non-US users." Also, we wouldn't want to have to pay for invoicing, which is honestly much much worse of a value prop. For someone with a 20% margin business, the combination of these and payments products is about 4%, or 20% of all profit. While this is the first product since payments I have liked (so good work there) it would be nice to see Stripe work on reducing the transaction costs, particularly on the payments side. Right now for me I consider Stripe a part of the "credit card processing tax cabal". Payment processing fees are a huge tax on the world, and if stripe could help solve that and genuinely reduce it to the level it should be (nearly free marginally), I would have the utmost respect for them. I honestly think this should be the main company focus if they actually want to help customers.
      • cashewchoo 5y ago
        It's worth noting that there's the interchange fees that come along with using a credit card in the US aren't just a pure profit rake for the credit card companies. It obviously pays for computing resources and staffing and such, but beyond that it also, roughly, pays for all the fraud that happens with any credit card. In many cases, when someone does a fraud, it's someone "in the middle" (i.e. not the fraudster, the card holder, or the merchant) who ends up holding the bag. It's also paying for some aggregate amount of credit risk that card users pose to their banks. Credit card fees are high because fraud is such a colossal problem, and at various levels it's better for institutions to just eat costs (and thus slightly raise the minimum viable price they can charge for processing) than make it harder for people to buy things.
• simonebrunozzi 5y ago
  This has a huge potential to disrupt and simplify a number of things that happen behind the scenes.
• vvoyer 5y ago
  I was lucky to be part of the beta for my SaaS (https://turnshift.app https://turnshift.app) and I must say this new feature simplifies things A LOT. Especially as a EU business owner, I previously had to sync every VAT tax rate possible, use a complex workflow to know if a customer needed to pay taxes or not, link tax rates to customers, and create taxes reports for my accountant. Stripe tax does all of that automatically, based on the customer full address and VAT numbers. Here's a twitter thread of everything you had to do previously: https://twitter.com/vvoyer/status/1347488977738149888 https://twitter.com/vvoyer/status/1347488977738149888 PS: Yes there were other services (Paddle) providing this (and much more to be honest), but the Stripe API and customization options makes it my go-to solution for integrating payments.
  • toomuchtodo 5y ago
    Do you feel like the value is worth with the fee Stripe is charging?
    • yannoninator 5y ago
      YES, considering the only best competitor in this space Paddle takes 5%. Taxes is the reason why in the past most EU/UK businesses go to Paddle. Stripe's Tax feature now saves people who were considering Paddle a lot of time now.
      • deleted 5y ago
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      • outcoldman 5y ago
        Do you know if Paddle files taxes for you? And just send you 1099? Or it is similar to Stripe Tax, they just collect and you have to file taxes?
        • hijodelsol 5y ago
          Paddle and FastSpring (I found their support to be more helpful than Paddle's but they charge even higher fees), the two solutions commonly used in that space, act as Merchants of Record. Since you are not selling directly to your users you don't have to file the corresponding taxes, just the ones that correspond to the transactions between Paddle/FastSpring and you. But I'm not an accountant and they may change their operations in the future so don't rely on this comment alone.
• raverbashing 5y ago
  Great Job. As much as taxes suck, taxes on online transactions are becoming ever more common (and not only in the EU). If anyone is curious, this is a good write up of how it works https://support.patreon.com/hc/en-us/articles/360043055071-Sales-Tax-on-Patreon-for-Patrons https://support.patreon.com/hc/en-us/articles/360043055071-S... (and on Patreon it gets even more complicated because it changes by US state and type of perk)
• stevoski 5y ago
  Awesome job from Stripe on this one. For years, the lack of VAT/Sales tax handling in Stripe’s Checkout was a glaring omission. They’ve really delivered with an outstanding solution.
• beilabs 5y ago
  Wouldn't most online businesses just need to collect the taxes for the customers that their business operates in? Posting this on the basis that there should be no stupid questions when it comes to tax. For example; an Australian business needs to collect GST for Australian customers only. Americans accessing the Australian service would not be obligated to pay GST and as the Australian business doesn't have a US entity wouldn't have to collect US state taxes.
  • stevoski 5y ago
    No, that’s not correct at all. Each country has their own laws about how tax works for online sales, and who is expected to pay it. You can choose to ignore what governments in other countries expect. But that’s your decision.
  • andylynch 5y ago
    You would hope so, but no. A good example is that the UK now requires online business to collect UK VAT on sales to UK customers, even when the seller is abroad - there are many similar rules and this will really help people, especially smaller businesses who really face big barriers in dealing with these rules.
  • gardaani 5y ago
    Paddle has a good article about this: "..the taxes apply not only to where your company has a physical presence (an office or employees) but to where your customers are based." https://paddle.com/blog/global-sales-taxes-for-software-companies-what-you-need-to-know-to-sell-internationally/ https://paddle.com/blog/global-sales-taxes-for-software-comp... It seems to be a huge mess. Even if you know how much to pay for different countries, registration for paying taxes can be painful.
    • andylynch 5y ago
      Even domestically - US interstate sales tax rules are a mess too.
  • fuzzylama 5y ago
• tylermenezes 5y ago
  Maybe someone from Stripe is reading the comments and can explain: why do refunds not reduce the reported tax collected? Are we supposed to keep separate records of that?
  • yarcob 5y ago
    Presumably because it's hard to do correctly, and Stripe chose to focus on the easier part. For example, I need to report VAT on the 15th of the second following month. If I got a refund after that date, I have already reported that tax, and I need to report a correction. I can't just report a lower tax the next time. If you don't have a lot of refunds, then just paying taxes that you don't owe may be cheaper than handling it correctly (which is a lot of effort). And it may be the safer option -- nobody is going to fine you for paying too much tax.
  • deleted 5y ago
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  • kmoriarty 5y ago
    Good question! You can create a Credit Note, which will indeed shift the liability and will correctly reference and update the prior legal invoice. If you’re refunding a PaymentIntent however, we won’t shift the liability. Basically, we offer you two ways to move money back to your customer: one that might be a higher lift which ensures your accounting is updated and the liability if shifted, or a much easier way to refund, but you may pay some tax out of pocket.
    • titanomachy 5y ago
      “Higher lift” means “more work” in this context.
• yannoninator 5y ago
  This is absolutely HUGE. If you're an indie hacker, or solo founder taxes are extremely important and you cannot ignore them if you go over a certain amount. In the past taxes, VAT and all of that is a pain in the backside for most EU / UK businesses and most go with Paddle because of this. I am so elated that this is now available (although through an invite), and saves a TON of time, unnecessary annoying scripts and duck tape. Downvoters: So you can manage taxes and VAT for each different EU member state yourself manually? Is this some sort of side hobby for you? This is a real problem of many businesses.
  • Fraaaank 5y ago
    Isn't the EU B2C tax burden solved by the introduction of the one stop shop per July 1st of this year? https://ec.europa.eu/taxation_customs/business/vat/oss_en https://ec.europa.eu/taxation_customs/business/vat/oss_en
    • yannoninator 5y ago
      You still have to calculate all taxes from Stripe from these EU regions and then do that. For those using Stripe before this announcement it was a huge time sink.
• BasedInfra 5y ago
  Stripe’s product pages are so beautiful and cover the product features brilliantly. Stripe tax should away the headache of being on the wild ride that is EU VAT as EU citizen. Congrats on the launch!
• plantain 5y ago
  This is going to be a sad day for Octobat (https://www.octobat.com/ https://www.octobat.com/) which I've been using happily to automate this for the last few years. Octobat may still be cheaper depending on your transaction volume.
• jmuguy 5y ago
  Very excited about this, hoping to see hotel/rental taxes supported. Trying to figure out how different areas tax rentals is kind of a nightmare. Avalara offers this service but we couldn't get past their sales team to actually use their product
  • kmoriarty 5y ago
    We're not there just yet, but feel free to shoot me (kmoriarty@stripe.com) an email with any other tax related requests or requirements, as this is just the beginning!
• hardwaresofton 5y ago
  A few questions I think are interesting: Does Stripe do well in a world where governments provide efficient and easy online payments? Places like Sweden with Swish. Does Stripe do well in a world where governments provide simplified/near-zero-work tax calculation mechanisms? <todo: find an example>.
  • dagw 5y ago
    Stripe and Swish solve different problems. Swish is mobile phone based direct bank transfers, Stripe is credit/debit card transactions. The big problem with Swish is that it only works if you have a phone with a Swedish SIM card and a Swedish bank account in a supported bank (which admittedly is most of them). With Stripe you can take money from anyone with a Visa or Mastercard
    • hardwaresofton 5y ago
      > Stripe and Swish solve different problems. Swish is mobile phone based direct bank transfers, Stripe is credit/debit card transactions. At a higher level of abstraction, these are are the same problem -- conveniently and safely paying money to another entity (whether person or business). If we assume that normally someone has a phone at the same time they have their credit/debit card, then the how isn't really that important is it? > The big problem with Swish is that it only works if you have a phone with a Swedish SIM card and a Swedish bank account in a supported bank (which admittedly is most of them). With Stripe you can take money from anyone with a Visa or Mastercard This is why I asked inside countries like this -- if you're in Sweden and (I saw a documentary on DW a while back about how cash is actually becoming so rare that handling it is starting to be disincentivized -- ATMs disappearing, banks not wanting to hold cash because of relative liability, etc), let's assume you have a phone with a Swedish SIM card and a Swedish bank account and a phone. Swish in Sweden is just the only good example I know of, but I think that after a while something that looks like it will be everywhere (US, EU, UK, etc). Cashless economies are generally welcomed by governments and most businesses, most people don't even know the usual privacy/accessibility/etc talking points (opposite from the usual HN reader). So again, in a situation where it is very likely that you could use Swish with ~0 fees or Stripe, do people continue choosing Stripe? Or a better question -- how easy would it be to compete with Stripe (without having to offer the key lower parts of the stack that Stripe initially solved)? BTW Stripe also does ACH -- I use it for larger payments when dealing with clients and it works very well.
• xchaotic 5y ago
  Ben Evans once described Stripe as tax on Internet SaaS. For a moment I’d thought it was Stripe admitting the same.
  • ceejayoz 5y ago
    The same "tax" existed before Stripe, and it was higher, in both overall costs and development complexity.
    • mixmastamyk 5y ago
      "The price of doing business."
  • kybernetikos 5y ago
    Credit card fees in general are like an extra tax. And credit card companies have so much power they have pushed the cost onto all transactions, even those that use cash (by forcing merchants to eat the cost difference, they push all prices with that merchant up).
    • dangrossman 5y ago
      This is something people say often, but studies put the cost of accepting cash for retailers at 4.7-15.3%, which is higher than the cost to accept credit cards. If anything, it's the high cost of handling cash built into prices that's increasingly burdening credit card users in stores, not the other way around.
      • kybernetikos 5y ago
        I would take that as an argument that we should have better 'cash' that has lower costs to use.
        • nrmitchi 5y ago
          Tbh these are debit cards. The Durbin Amendment limited the interchange that count be charged on debit transactions (I think the average is something like 0.3% now), so everyone was pushed towards "credit" products instead.
• arnon 5y ago
  Note this big gotcha: Stripe's VIES validation only takes place once and there is no way to retrigger it. For compliance purposes you have to validate it yourself every quarter or so, on recurring transactions.
  • kmoriarty 5y ago
    Hey there! I'm the PM for Stripe Tax, I'd love to hear more about your use case around how frequently you'd want us to be revalidating VAT IDs, the information you'd want returned, and of course any other tax-related requests you may have: kmoriarty@stripe.com
• blntechie 5y ago
  Stripe makes such complex products appear so simple. Their product pages are art of work. Amazing company.
  • MichaelApproved 5y ago
    Like, every single time. Their execution is amazing. Serious question, have any of their products had a poor rollout? I’m not asking about a feature you’d prefer that’s missing. I’m asking about something being buggy, poorly documented, or having a confusing marketing page.
    • porker 5y ago
      > Serious question, have any of their products had a poor rollout? Yes. Payments with SCA2. Very poorly documented when rolled out, and TBH the docs aren't much easier to navigate now once you get off their "do everything immediately client-side" happy path. I've never known them to be buggy, but in this space there isn't room for bugs.
      • Silhouette 5y ago
        Yes, their PSD2/SCA roll out was disastrous. The documentation is marginally better now, and to their credit they've also produced a lot of example code repositories showing end-to-end implementations of various scenarios in various programming languages. But then, the epic scale of a full API integration and the moderate scale of even a Checkout integration today, as shown in those docs and sample repos, only highlight how painful the whole process has become. Then you look at the modern services that are going back to what early Stripe did so well, handling most of the pain of charging customers for you with very straightforward integration requirements, and the differences are stark.
    • lolinder 5y ago
      The new additional transaction fee for Stripe Billing is awkward. They charge an extra 0.5%, which is fine, but it always comes out as a separate transaction instead of being added on top of their regular transaction fee. Sometimes it gets withdrawn from your balance after they've already deposited your earnings, leading them to make a withdrawal from the bank. Not a huge deal, and I still love Stripe!
• jerrygoyal 5y ago
  Would it be wrong to say that Stripe is the most valuable company for internet businesses?
• jokethrowaway 5y ago
  This is great! ATM I'm banning all EU end users from purchasing my SaaS unless they're a business because the cost of handling VATMOSS is just not worth it. It also definitely played a role in choosing to do a B2B service over a B2C one. So now the choice is: - File VAT yourself, pay 3.5% + some pennies to Stripe - Pay 5% to Paddle and they file VAT for you Definitely glad to see more competition in this area.
  • sandlerben 5y ago
    Actually, Stripe's payment fees are lower for European merchants (because card interchange is lower) so it would be more like 1.9% plus some pennies. https://stripe.com/en-de/pricing https://stripe.com/en-de/pricing
  • tzs 5y ago
    What makes handling VATMOSS costly for an Saas? I deal with the software end of dealing with VAT for a small company that sells downloadable software and technical support for that software. We've not found it costly at all. It took one guy a couple days or so to get registered with Ireland for VATMOSS. To do the quarterly report for filing, I run a fairly simple script I wrote that produces a CSV file with one row per country giving the total sales and the total VAT we collected for that country, and someone uploads that to a form on the Irish tax authority site, which I understand is a simple and straightforward process. To keep track of VAT rates, we use https://vatlayer.com/ https://vatlayer.com/ Their API for getting rates is very simple, and their free plan allows 100 API calls per month. It is one call to get the rates for all VATMOSS countries. The reporting script needs to get exchange rates to calculate the VAT in EUR for those sales where the customer paid in GBP or USD. The EU makes that information available in this handy XML document: https://www.ecb.europa.eu/stats/eurofxref/eurofxref-hist-90d.xml https://www.ecb.europa.eu/stats/eurofxref/eurofxref-hist-90d... That contains the exchange rates between various currencies and EUR for the last 90 days. The rate you want for VATMOSS is the rate on the last business day of the quarter you are reporting for, so there is a little bit of calculation to figure out which day's rate to use. They also have one that gives the most recent day if that better floats you boat: https:///www.ecb.europa.eu/stats/eurofxref/eurofxref-daily.xml https:///www.ecb.europa.eu/stats/eurofxref/eurofxref-daily.x... If you need a specific range of dates for specific currencies, they've got that covered too. Here it is for USD and GBP: https://sdw-wsrest.ecb.europa.eu/service/data/EXR/D.GBP+USD.EUR.SP00.A https://sdw-wsrest.ecb.europa.eu/service/data/EXR/D.GBP+USD.... Specify the range by adding query parameters startPeriod=YYYY-MM-DD and endPeriod=YYYY-MM-DD.
• smashah 5y ago
  letttss goooooo!!!! yesss!!!!
• deleted 5y ago
  [deleted]
• Ndymium 5y ago
  I have a nano sized business to cover some server costs in Finland. Here are the EU rules as I understand them: * Selling goods - If selling to private persons in European Union fiscal territory (EUFT), add 24% (Finnish VAT). - If selling to businesses in EUFT, no VAT. - If selling to anyone outside EUFT, no VAT, but you may be liable to collect and pay VAT to the customer's country's tax authorities. - Note that there are separate customs rules! * Selling electronic services - If selling to private persons in EUFT, you need to register to the customer's country's tax authorities and add the customer's country's VAT, and then pay it later to the customer's country's tax authorities. EXCEPT if you only have an office in one country and you are selling to another EUFT country, and you only sell <= 10,000 € worth of services, then you can use your own country's VAT like normal. o Or you can register to so called VAT MOSS (Value Added Tax Mini One Stop Shop) where you use the customer's country's VAT but you don't need to register or pay to their tax authorities, instead you send a quarterly report to your own country's tax authorities about all the sales you have done, then you pay them a calculated sum, and they will divide the paid VAT to all the countries based on the sales. Of course there is now a new VAT OSS that is somehow different from MOSS. - If selling to businesses in EUFT, use reverse VAT (buyer is liable for VAT). - If selling to anyone outside EUFT, no VAT, but you may be liable to collect and pay VAT to the customer's country's tax authorities. Now I'm not a tax lawyer, so this is all just my best understanding based on our tax authority's website. I just wanted to get some money back to pay for my ~20 €/mo server costs, and I had to learn all of this. I will be very interested in what this Stripe Tax can do to remove my headaches. :) Of course, since my revenue is so tiny (and thus the money I bring to Stripe), I can't access all of their services AFAIK. And I'm mostly one chargeback away from losing major revenue due to the 15 € penalty. :D EDIT: Turns out I have no idea how to format lists on HN.
  • jerrre 5y ago
    There are also a lot of thresholds that might apply to your situation. More rules to look up, but could simplify it to having less administration if your revenue is under a couple K's
    • kmoriarty 5y ago
• Vespasian 5y ago
  Do they offer a way to set a final price including taxes? In many jurisdictions your advertised price (e.g. for German users on your german page) needs to include taxes.
  • kmoriarty 5y ago
    Absolutely we do! https://stripe.com/docs/tax/products-prices-tax-codes-tax-behavior#tax-behavior https://stripe.com/docs/tax/products-prices-tax-codes-tax-be...
  • nybble41 5y ago
    How does that work when the amount of the tax depends on the location? Do your visitors need to enter their billing & shipping information before they can browse your site?
    • Vespasian 5y ago
      Either that (see the jetbrains store as a random example) or other indicators such as language, tld-domain, ip origin, advertisement targets etc. Of course offering one price for everyone is fine as well. These rules are usually B2C only. For B2B either way is fine. (I'm definitely no tax expert. Do you own research if needed;) )
    • scraptor 5y ago
      Generally there's a dropdown to select your country, often next to or integrated into the language and currency selection
    • Cu3PO42 5y ago
      VAT is uniform across all of Germany. Therefore detailed location information isn't necessary. The country can be inferred reasonably accurately from the IP. You can have a drop-down somewhere to correct the country if necessary. ~~And I don't think there's a law that requires you to show the price including tax, but it's definitely expected.~~ I have been corrected: it is indeed required.
• opheliate 5y ago
  Ah man, I’m so glad this exists. One of my biggest concerns in monetising side-projects has always been running afoul of sales tax law, and this should hopefully help to assuage some of those concerns.
• tjpnz 5y ago
  Side question but what solutions exist for managing withholding? That presents a huge barrier to entry for certain business models, even more so when you have users living in multiple tax jurisdictions.
  • kmoriarty 5y ago
    Hey! We haven't tackled tax withholding yet. That said, I'd love to learn more about your use case and requirements if you're up for it: kmoriarty@stripe.com
• Naga 5y ago
  That looks great, but that's a ridiculous pricing scheme. If you invoice $100k in a year, you're paying $4000 to Stripe to manage your sales tax. A lot of the issues with sales tax are not knowing your regulatory requirements and set up. I'd say that's probably worth $4k, but then going forward you still have to pay them that amount. I'd say it would be more worthwhile to pay an accountant to do that for you, and save the ongoing fee. You will have to pay an accountant anyways to do your tax returns. I'm an accountant and my firm often does sales tax returns for our clients. Now, if you're making $1 million a year, that's $40k you need to pay Stripe for the privilege of not worrying about sales tax, compared to a few thousand you'll pay your accounting firm to do it. The API and integration options are great and I hope Stripe is successful. Really, if they are, it means I can just charge more for my services. Edit: As others have pointed out, I'm bad at math. I'm going to leave my shame up here but I realize it's $400, not $4000. Just goes to show you that accountants are just like regular people, and that you shouldn't rely on your accountant doing things off the top of their head not using Excel. The order of magnitude difference really shifts my opinion of it.
  • tehwebguy 5y ago
    I think it would be $400?
  • hmoy 5y ago
    $4k? Isn't $0.4k as it's 0.4%?
    • adwww 5y ago
      Bad look for an accountant!
      • rapfaria 5y ago
        So the accountant should be charging less (or stripe more)
  • invisible 5y ago
    I'm not sure if I'm missing your comparison, but an accountant doesn't calculate how much/which tax should be paid in real-time based on the business and the user's location and then automatically account for that. I don't know how much it's worth, but properly supporting tax takes a lot of effort to do correctly in real-time.
• codehawke 5y ago
  I've been using Stripe for years for my website, codehawke.com. Once you get over a certain amount of revenue and or sales transactions, they file 1099-K directly with the US IRS, they won't miss your failure to report that. I'm not sure if this is new, or I reached some new threshold? They are definitely in communication with the IRS at this point. PayPal does the same thing.
  • HatchedLake721 5y ago
    Do you sell to US only or globally? Each country has its own tax rules. E.g. if you sell to EU customers, you need to apply a correct VAT % of their country on top. If you reach a certain threshold you then need to file VAT returns.
    • codehawke 5y ago
      I do account for that, but honestly I don't make the international sales to worry about it. UK is the one exception for that. The rules are being a bit more simplified starting July 1 of this year. VAT is a disaster for all businesses. This is a case of going after the big guys and screwing the little guys in the process. Luckily, 70% of my revenue is in the USA and on top of that my company is based in business friendly Virginia.
• Taek 5y ago
  We started using Stripe recently for a worldwide base of customers and I was a bit flabbergasted that Stripe didn't have a tax solution already built in. Taxes are a PITA, and in my opinion this product from stripe makes enormous sense. If it's as good as everything else they do, it'll simply our lives enormously. Super happy to see this being released.
• koonsolo 5y ago
  I was recently looking for a way to sell my digital product. I was surprised how complicated all these solutions are. First of all, I want a 'merchant of record' to handle my taxes, which basically gets rid of most payment solutions. Secondly, I want an easy to use affiliate program where I can add affiliates. Oh man, they almost all work with some complex external affiliate service. I used to sell my indie game with Plimus (around 2009), which is now BlueSnap, but even they are now really complex and working with external affiliate network. Ended up with Gumroad, which has all of these things, in a very simple and clear way. Now I understand why they are so popular.
  • dangoor 5y ago
    Agreed. Payhip is another one.
• adamfeldman 5y ago
  This looks great. Implementing Avalara for tax calculation was a large pain across multiple dimensions. Stripe Tax integrates with TaxJar for automatic US tax filing [1]. I wish TaxJar had clearer pricing [2], as 12 filings a year is tiny. [1]: https://www.taxjar.com/pricing/ https://www.taxjar.com/pricing/ [2]: https://stripe.com/docs/tax/reports https://stripe.com/docs/tax/reports
  • toast42 5y ago
    https://stripe.com/newsroom/news/taxjar https://stripe.com/newsroom/news/taxjar
    • adamfeldman 5y ago
      Stripe acquired TaxJar ~45 days ago – that's awesome
• jitbit 5y ago
  So. After 10 years in business and THOUSANDS of customer requests (I even made one myself, in-person when I met Patrick Colison at a conference) Stripe has introduced... a calculator. And you still have to do everything yourself - filing the papers and wiring money. Thanks, but no thanks. I'll stick with my current payment provider that handles _everything_. I do admire Stripe and wish I could move some day :(
  • kmoriarty 5y ago
    Thanks for the feedback. We’re working toward an end goal of making tax compliance as simple as clicking a button. In talking with users they called out three big pain points: knowing what the obligations are, knowing what rate/rules to apply and how to calculate tax (e.g. SaaS is taxable at 80% of the base rate of the price in Texas), and then how to file and remit the money once collected. Stripe Tax solves the first two out of the box today, and with TaxJar we’ll be able to bring filing and remittance as a native part of our offering.
    • bberenberg 5y ago
      TaxJar won't handle global. SaaS is inherently global. Your own docs point to other providers for EU. Ultimately you need to have a Stripe MoR option.
  • HatchedLake721 5y ago
    What's the other solution? Stripe to become merchant of record like Paddle.com?
    • jitbit 5y ago
      Yep, operating as a "reseller" paper-wise. We currently use FastSpring for that
    • dbbk 5y ago
      I really hate the Paddle UI but this is the sole reason I'm with them. As a solo entrepreneur the peace of mind is just too good. If Stripe added a Merchant of Record service, as an optional extra, it would be game over and they would win this space.
• corentin88 5y ago
  I was dealing with taxes using Stripe Checkout so far, and to be honest it’s far from perfect. Worth looking around this new feature, but feel like they haven’t done much and are going to take 0.5% of every transaction!
  • jackerman 5y ago
    We're always working to improve Stripe Checkout, and very open to your feedback. Feel free to drop me a note at jackerman@stripe.com if you'd like to chat about Checkout!
• rorykoehler 5y ago
  Finally
• bsears 5y ago
  Co-founder of Billflow here. We were lucky enough to be able to integrate the Stripe Tax beta with Billflow. In my opinion this is the coolest thing Stripe is launched (For SaaS) since they came out with subscriptions. It just works™. Implementing Stripe Tax was dead-easy, to get it working we essentially just had to switch a boolean to true on our subscription creation code. Also, the new functionality of the upcoming invoice API is something we've been wanting for a while - being able to estimate the first invoice for a subscription _without_ the customer existing beforehand makes life so much easier when checkout is concerned. Huge props to the Stripe team, love this product!
• oliverx0 5y ago
  We are currently using ChargeBee that has great connectivity with Stripe and offers a lot of the functionality that Stripe Tax is now offering. Wondering if it is worth the change. I have nothing but good things to say about ChargeBee so I don't think I will be making the move unless pricing becomes an issue. They also have a really good starting package for startups.
• sireat 5y ago
  So how does one pay tax with this? Let's say you and your server are in Singapore. You are selling a digital product - PDF book on dynamically typed Rust... You have customers from all 50 US states and all European countries. You have 100k USD sales total. At the end of the year are you obliged to send the correct amount of tax to EACH US state and each EU country?
  • jccooper 5y ago
    Yes, to the extent they require it (and you want to stay compliant.) There are companies that can handle the remittance for you; Stripe lists several on their page. Reporting requirements would probably be quarterly or monthly. In practice, almost all US states that have sales tax have a in-state sales threshold amount, usually $100k+ and/or 200 transactions, and at the level of business as per your example, you wouldn't hit it. (Kansas has no threshold, but this is probably illegal per the terrible court decision that allowed this sales-based nexus mess.) https://www.streamlinedsalestax.org/for-businesses/remote-seller-faqs/remote-seller-state-guidance https://www.streamlinedsalestax.org/for-businesses/remote-se... EU, I dunno. Beyond my ken.
    • sireat 5y ago
      Thank you! A bit more clear, but still seems really messy. So if there are limits I assume you collect 150 transactions a year from California, you have to keep the tax collected until you reach 200 and send the tax for all 200? Presumably you can't spend the money on beer and yet you also can't refund the customers either.
      • jccooper 5y ago
        I'd say it's more than messy, it's a disaster. There are reasonable solutions to internet+sales tax, but the current situation is not one of them. If you collect the tax, you need to remit it. The transaction/amount limits are the limit where you should register, collect, and remit. And usually this is a one-way affair; once you're registered, you'll need to keep filing even if you fall below the threshold.
  • 5y ago
• throwaway368392 5y ago
  Does that mean a small US-based B2B SaaS with no EU nexus have to pay EU VAT? It seems overreaching.
  • andylynch 5y ago
    Only if you meet the volume thresholds, which vary by country - e.g. for sales to Ireland you must register and pay VAT if your sales are over EUR 35k / year, but in Germany its 100k.
    • tehnicaorg 5y ago
      I have not idea about VAT (except paying for it), but as I've understood from a previously posted link this is not valid anymore starting July 2021. https://www.avalara.com/vatlive/en/vat-news/eu-2021-one-stop-shop-vat-return-for-e-commerce.html https://www.avalara.com/vatlive/en/vat-news/eu-2021-one-stop... > At the heart of the 2021 e-commerce EU VAT reboot is the introduction of the One-Stop-Shop (‘OSS’) single EU VAT return and the withdrawal of the Distance Selling thresholds. [...] Non-EU sellers may also apply to use the OSS regime, and just need to nominate any single EU state to register and file in.
    • Silhouette 5y ago
      Are you sure this still applies in the case of purely digital sales like SaaS, and for businesses selling into an EU country but based outside rather than domestic businesses selling within their own country?
• fastball 5y ago
  Our company was part of the beta and we were having buggy issues when trying to use Stripe Tax alongside the Customer Portal, which AFAIK they haven't resolved yet. So just FYI if you implement and bump into this, it's them not you.
  • kmoriarty 5y ago
    We shipped customer portal support a few weeks ago, apologies for not following up and letting you know! If there were any other issues though, do let me know -- kmoriarty@stripe.com
    • fastball 5y ago
      Hey! The issue we were having was related to customers being unable to change their subscriptions through the Portal with Tax enabled, which I just tested and still seems to not work. I've sent you an email so hopefully we can figure this out.
• franciscop 5y ago
  This is so on point. About a year ago I was thinking of opening a company and selling digital products with Stripe in Japan (where I live). They offered a quick free call to answer my questions, and I did so. I am not fluent in Japanese so any help I'm offered I take it, and I wanted to know how many other troubles I could face at this endeavor. All my questions were answered promptly and greatly by them, and I was getting more and more convinced to do it. Until I asked, "Stripe handles sales taxes, right?" and the answer was "no". They gave me a brief overview of how that works though. Let me tell you I know why you don't see an "Amazon of Japan", apparently in here I'd have to calculate the sales taxes for every country where my products are sold through agreements of Japan-{said country}. Some countries don't even have agreements like Brazil so they are in a gray area. It seems like Stripe Tax might be a game changer for this specific situation! I'm not ready right now personally/professionally to try to do the company, but let's see in 6 months - 1 year. I am so jubilant! PS, this is from a quick conversation I had ~1 year ago, so some small details might be fuzzy/outdated/incorrect. Ofc this is no legal or accountant or any kind of advice, just my experience.
  • eloisant 5y ago
    > Let me tell you I know why you don't see an "Amazon of Japan", apparently in here I'd have to calculate the sales taxes for every country where my products are sold through agreements of Japan-{said country}. Some countries don't even have agreements like Brazil so they are in a gray area. AFAIK this is true for any other country, not just Japan. If you're in US, and you want to sell and ship products outside of US, you need to take care of the sales taxes and customs for each of the countries you ship. Or you leave the burden to your customers, but they might not be happy to have to pay expensive custom to the mailman to get their package.
    • franciscop 5y ago
      Apparently it's either not a requirement or not so strongly enforced in the US and EU as it is in Japan, or that was my understanding from the conversation. Update: searching a bit and reading about the EU sales taxes, there are few rules but overall it's pretty clear you either don't pay or pay local sales taxes even for international sales for low-volume B2C sales (sorry it's Spanish): https://www.carrilloasesores.com/post/iva-de-ventas-por-internet-o-comercio-electronico https://www.carrilloasesores.com/post/iva-de-ventas-por-inte...
• tzs 5y ago
  Note that if you are just interested in US sales taxes, and only need to collect tax in the ~1/2 of the states that are part of the Streamlines Sales Tax (SST) project, you can have your tax rate calculation, registration, reporting, and filing all done for free. The member states of SST have agreed to pay for those services from several tax SaaS companies. (There is one catch: to avail yourself of this, you must collect tax for all SST states, even though you might be below the threshold in some of them). The companies participating are Avalara, TaxCloud, Sovos, and Accurate Tax. For small online businesses I suspect that a lot more can take advantage of this than you might expect. Here's a map showing the SST member states [1]. Although it is missing some big states that you probably do a lot of business in (California for instance), a lot of those big states have quite high thresholds for sales or number of transactions before tax kicks in. Some of the companies that provide the fee SST service will also add non-SST states for a fee. If you only need one or two non-SST states, it will still probably come out cheaper than using Stripe (and will include reporting and filing). [1] https://www.streamlinedsalestax.org/ https://www.streamlinedsalestax.org/
  • teamspirit 5y ago
    How quickly my excitement disappeared when I saw that California was not a member. Thanks for the information; I'm sure there are others, like myself, that have no idea such a thing exists.
    • tzs 5y ago
      I'm somewhat baffled by California not being a member. California's threshold below which out of state remote sellers do not have to register, collect, report, or remit sales tax is $500 000/year of sales into California. If I'm a remote seller using the free SST option to handle my taxes in the SST states, and am selling say $300 000/year in California, I will not be collecting any California tax. If they joined SST, I would have to collect California tax even though I'm below the threshold because the deal to get free full service tax handling under SST is that I collect for all SST states. I don't see any downside for California. At the stroke of a pen, they would suddenly be getting tax collected from a ton of remote sellers that fall below the $500 000/year threshold. Same with Texas, which also has a $500 000/year threshold, or New York which is $500 000/year and 100 transactions, or Florida which is $100 000/year, or Illinois which is $100 000/year or 200 transactions.
• hirako2000 5y ago
  I find this revealing the absurdity of the taxing systems we live in.
• jmann99999 5y ago
  Our SAAS has to calculate sales tax on the fly for purchases in the US. We don't charge credit cards but invoice the customer later. However, the tax calc is the same. We use an API [1] from a company called Strikeiron that was purchased by Informatica. We pay about $75 per month for tens of thousands of sales tax lookups by city/state/zip. If we were taking credit cards, we'd look at Stripe's solution. It would be much less expensive than what we are doing today. [1] https://www.informatica.com/products/data-quality/data-as-a-service/sales-tax-calculation.html https://www.informatica.com/products/data-quality/data-as-a-...
• nickpp 5y ago
  Honest question: can somebody enlighten me about Stripe's appeal? I am not an user (until recently they weren't even available in my country) but I used ShareIt (now Digital River) 20 years ago and Avangate (now 2checkout soon Verifone) in the past 15 years and they both: - had a much larger international presence, with localizations and everything - had sales taxes, VATs etc computed from day one - had cart (not sure about ShareIt though) & API - integrated countless payment gateways: from credit cards to purchase orders, wire transfers and even PayPal How comes Stripe won even if they arrived much later on the market? I believe their pricing structure was not very far from the competition. What did they offer to attract users even though they lacked such important features? I want to learn.
  • tylerrobinson 5y ago
    The developer experience and ease and speed of integration are second to none. They managed to take a commodity service performed by many incumbents and make it so effortless that it blows away the competition.
    • nickpp 5y ago
      Yes, I heard that (couldn't test it myself). The integration for Avangate for example was a proof-of-concept PHP file and a couple of docs explaining the CGI parameters. Not great but not that horrible either. But were those so incredible that it made up for the missing features? I mean if it was me I wouldn't implement the sales tax myself in a million years, no matter how nice the experience and integration was...
      • spiralganglion 5y ago
        Stripe came up in an era when nobody in the US worried about taxes, generally speaking. That's changing now.
        • ludamad 5y ago
          Any good references on this? Curious
• andred14 5y ago
  All this talk about tax lately is funny. Our leaders sense we have had enough of their robbery and we have. I DO NOT CONSENT to my hard earned money being spent on experimental drugs
• deleted 5y ago
  [deleted]
• andred14 5y ago
  All this talk about tax lately is funny. Our "leaders" sense that we have had enough and we have. I DO NOT CONSENT to my hard earned money being spent on unnecessary experimental drugs that hurt people or wars on foreign people that have done NO harm to me.
• NelsonMinar 5y ago
  In 2010 Amazon still didn't charge US state sales tax. They claimed it'd be too hard to do it. https://www.cbpp.org/research/amazons-arguments-against-collecting-sales-taxes-do-not-withstand-scrutiny https://www.cbpp.org/research/amazons-arguments-against-coll...
• theflyinghorse 5y ago
  The feature is of course very nice, but the pricing is steep at 0.5% of your transactions. So I'm giving away 0.5% of my revenue (provided all of my revenue comes from sales) for the privilege of having my taxes calculated? That's on top of the 2.9%+30c per transaction that I already pay stripe?
  • TheRealPomax 5y ago
    Correct. But that's not what you're paying for of course, you're paying for the fact that you don't need to pay an accountant to double check these numbers: if they are wrong and the tax man comes after you, you get to hold Stripe accountable for any and all repercussions. You are paying Stripe--if you so choose--to take on the legal responsibility of getting it right.
    • nrmitchi 5y ago
      > if they are wrong and the tax man comes after you, you get to hold Stripe accountable for any and all repercussions. You are paying Stripe to take on the legal responsibility of getting it right. Where exactly is this stated? As far as I can tell, all this does is say what taxes you should be collecting, and then collect them. It doesn't even handle (at this point) remitting payment to the appropriate jurisdications. I see no evidence that if your taxes are collected wrong, Stripe will do anything other than say "Your accountant should have caught that, sorry." I see no evidence that by using this product, Stripe will indemnify you against tax issues (which yes, would go a long way to justifying the cost)
      • deleted 5y ago
        [deleted]
    • giovannibonetti 5y ago
      This is specially valuable if you are selling your product across multiple countries, which may have different taxes.
    • koolba 5y ago
• ldd 5y ago
  Really interesting! I have a very small video game business (emphasis on small) and I already use Stripe to handle non-EU digital purchases. I specifically avoid taking money from EU customers because I briefly looked into the tax requirements and it seemed onerous. The registration process for really small businesses that did online sales was very weird, and unlike Canada or the US, the threshold question seems to be hard to answer (I think you have to pay taxes from day 1 even if you sell 50 euro per year?) Anyways, I am glad stripe is adding this product, and I've signed up to join, but I am still wondering how complicated and expensive the whole process of registration for vat OSS was. I doubt I'd get more than 50 euro total per year in sales (yes, I mean 50 euro. not kidding).
  • imhoguy 5y ago
    If your sales is small better stay away. Find "Merchant of Record" or reseller who will cover all that mess for you. There are many: Gumroad, Paddle, FastSpring...
    • ldd 5y ago
      First time I hear about Paddle. It seems great! Thanks for the recommendation :D
• legitster 5y ago
  When we implemented Stripe, our team was flatly frustrated that this wasn't already included in Stripe. It spawned a lot of arguments as to why we were even using Stripe over just a normal payment gateway. Having to calculate sales tax was a much harder problem for us than what Stripe was solving. Although paying .5% on every transaction just to do a lookup on a table of what should be public information is still frankly absurd. For all of the lip service given to ease of doing business, governments still enable a lot of rent seeking in the process.
• foobarbazetc 5y ago
  Every new Stripe feature is like “only 0.5% of your transactions” until you’re paying 10% to Stripe. Woo, where do I sign up?
• rriepe 5y ago
  Taxes are bad. Governments absorb wealth. They don't create wealth. No government has ever created wealth.
  • spoonjim 5y ago
    LOL. I wonder what kind of information diet one would have to construct, and how long one would need to adhere to it, to get oneself to a place where they sincerely believe this.
    • rriepe 5y ago
      It's usually just tax forms when you turn 18
    • tomtheelder 5y ago
      And even if you somehow DID believe that governments never create wealth, you'd need to have also convinced yourself that they can do no good aside from wealth creation. Or possibly that there IS no good aside from wealth creation. Regardless of what it is, it is a viewpoint totally divorced from reality.
      • rriepe 5y ago
        I'm right here. I'm a human. You can e-mail me. I'm a person!
        • SiempreViernes 5y ago
          No offence but "you can e-mail me" is not the most persuasive argument for possessing personhood I've heard. Anyway, I don't think people doubt your humanity, just your sincerity.
          • rriepe 5y ago
            You're a bigot.
  • 5y ago
• xyst 5y ago
  never used stripe, but I do like their design choices. Also given how extensive their APIs are and even offer in-person payments via a physical terminal, why would one choose Stripe over Square? I am guessing these products mean the % transaction cost is slightly more than what is offered by other payment companies (chase, square, boa)? Almost seems like a no brainer to choose stripe if you want to scale your small business.
• leptoniscool 5y ago
  If I buy something from one state and ship it to someone in another state with a different tax-rate, which tax regime applies?
  • kmoriarty 5y ago
    TL;DR: It depends on which state :) There's some more info here: https://stripe.com/docs/tax/supported-use-cases#us-sales-tax https://stripe.com/docs/tax/supported-use-cases#us-sales-tax
• evangow 5y ago
  I'm not seeing anything here about generating VAT-compliant invoices here or in the documentation. Different countries have different requirements for what must be included on the invoice and specific language to use (e.g. how a reverse-charge is supposed to be worded). There's a great overview on this here: https://github.com/wbond/vat_moss-python/blob/master/overview.md#invoices https://github.com/wbond/vat_moss-python/blob/master/overvie...
  • pier25 5y ago
    I was wondering this too. Different countries have different invoicing requirements. This may not be obvious for people from the US since invoicing there is super easy.
  • edwinwee 5y ago
    If you're looking to invoice a customer, Stripe Invoicing is VAT-compliant. It allows you to customize your invoices according to your customers' jurisdiction requirements (like sequential numbering): https://stripe.com/docs/invoicing/customize https://stripe.com/docs/invoicing/customize. We're also working on providing VAT invoices after a payment too. Give us a poke if you have any questions. edwin@stripe.com
• vfc1 5y ago
  So they will charge 0.5% of my business to do my taxes? That makes sense until 350k per year more or less, but after that Quaderno has a 45 to 99 usd per month fixed price to do that. It sounded outrageous the first time I saw it, but it actually makes a lot of sense for most small businesses. I'm glad they rolled out this feature, too bad that they never announce what they are working on and it's a big bang overnight. I was looking into integrating my app with a tax provider, I wouldn't even have started if I knew this was in the pipeline. But now that it's here, it sounds great and just another reason for choosing Stripe. I haven't integrated with Paypal and I don't think I'm going to.
• tegansnyder 5y ago
  Random aside on marketplace tax and using Stripe Connect. It would be especially useful if Stripe had a field that allowed marketplace facilitators to ensure they are collecting the tax. Using connected accounts with destination charges allows platform account to receive the tax by placing it in the application fee field, but if you happen to also collect a commission that means you are combining your tax + commission and storing that value in the application fee field. Since marketplace facilitators are responsible for tax collection in the US having an extra field to put this tax in would be great.
  • tegansnyder 5y ago
    Piggybacking off this... Has anyone built a really good tax exemption system. I know Amazon has a pretty decent system for their B2B that allows you to upload a tax exemption certificate for your state (US). Then they have some sort of auto validation process. I assume it calls out to each state's secretary of state system to determine the validity. I would be interested to know if anyone has seen a SASS service like this that other B2B providers can leverage for fully automatic tax exemption validation.
  • edwinwee 5y ago
    Good idea!
• lbearl 5y ago
  From the docs (https://stripe.com/docs/tax/checkout https://stripe.com/docs/tax/checkout) it looks like Apple/Google Pay is disabled when Tax is enabled. I wonder if there is a technical limitation there or if that is something that will be supported soon?
  • jackerman 5y ago
    Confirmed this is a technical limitation that we're working on as swiftly as possible. Drop me a note at jackerman@stripe.com and I'll let you know as soon as we've resolved this limitation!
• MayeulC 5y ago
  Not available in the EU. Full text from wayback machine: https://web.archive.org/web/20210609031856/https://www.khq.com/news/dog-ejected-from-car-during-sunday-crash-found-on-sheep-farm-herding-sheep/article_fc15bfe6-c805-11eb-ae68-7fb69c0af0d6.html https://web.archive.org/web/20210609031856/https://www.khq.c... > Tilly, the 2-year-old Border Collie who was ejected from a car Sunday during a crash, has been found. > He was found on a sheep farm, where he had apparently taken up the role of sheep herder. > According to Tilly's owner, he has lost some weight since Sunday's crash and is now drinking lots of water but is otherwise healthy. > PREVIOUS COVERAGE: > RATHDRUM, Idaho - The Idaho State Police (ISP) is investigation after a crash blocked SH-41 and Hayden Avenue on Sunday afternoon. > ISP said they are looking for people who witnessed the incident. > The crash happened when a GMC Yukon towing a white horse trailer attempted to turn south onto SH-41 when a Buick struck the GMC. > The driver of the Buick, a man from Spirit Lake, was transported to a nearby hospital and was treated and released. No one else was injured. > During the crash, a dog was ejected from the rear of the GMC and is still missing. > ISP said the dog is a 2-year-old Border Collie Heeler mix that goes by the name "Tilly". Tilly has no tail, a dark-colored face, weighs approximately 70 pounds, and was wearing a multi-colored plaid and tan-colored collar with a name tag containing the owner's contact information. > Tilly was last seen running northwest from the crash scene through the field.
• codehawke 5y ago
  It's quite obvious both PayPal and Stripe need to account for these terribly burdensome tax laws going into effect next month. The thresholds for most companies (UK excluded) was previously enough for most international sellers to not have to worry about filing for a VAT in multiple foreign countries. However, now they are making it even more burdensome by removing these thresholds entirely. No USA businesses selling small amounts of good are going to deal with that burden. If PayPal and Stripe can't deliver, that VAT ain't being paid by the majority of online shops. This is a case of them trying to go after the big guys and screwing the small. Good job on Stripe. PayPal needs to do the same. https://www.avalara.com/vatlive/en/vat-news/eu-2021-one-stop-shop-vat-return-for-e-commerce.html https://www.avalara.com/vatlive/en/vat-news/eu-2021-one-stop...
  • AnssiH 5y ago
    The only EU threshold change affecting US businesses sending goods directly to EU customers is the removal of the 22 EUR low value consignment relief. Regardless of sales volume, such businesses were not obliged to file VAT in EU before and will not be after the changes either - they will now be able to file IOSS VAT returns if they wish, though. The annual thresholds the linked article talks about are all concerning intra-EU cross-border sales, not imports.
• moneywoes 5y ago
  How does this compare to using TaxJar?
• codehawke 5y ago
  So if this product does not file VATS in 50+ countries (seems impossible anyways) and it does not actually pay these fees. This product is solving a solution that no online retailer should even bother with. Honestly, until congress fixes interstate commerce and that terrible Wayfair decision, until the VAT process is drastically simplified/unified, nobody should collect or pay these fees to anyone. When they come for it, sue. The bottom line is this maddening confusion isn't worth dealing with for the business or the state/country.
• kumarski 5y ago
  The VAT taxes are coming for all of us. Good move on Stripe's part.
• devops000 5y ago
  The next great step would be to manage Tax collecting from Stripe Customer Portal. In this wet a website could redirect the user directly to stripe to fill all information for invoicing instead of saving locally, validating and sent them to stripe
  • edwinwee 5y ago
    ...neat idea, yes!
• joelbondurant 5y ago
  Taxes are theft.
• cecida 5y ago
  One of the things I love about Stripe is how much information they give you on the landing page for the product. Code snippets, examples, clear explanations about what the product does; links to developer documents etc.