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Stripe Tax

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Re: Stripe Tax

#161

Post by scubakid »

dstick wrote: post #110
scubakid wrote: post #98

Earlier quoted context omitted.

With this new Stripe solution, do you still have to register for licenses to collect tax everywhere and remit the sales tax to various US states and foreign governments? Unless I misunderstand, that still sounds prohibitively onerous for anyone working as a solo dev or very small team..

Not sure how it works in the US but in the EU you don't have to register anything. Just keep tabs of what VAT you collected for what country, and then pay accordingly afterwards. No licenses needed.

Last time I looked into this, it seemed to me like in the US you would need a separate license for each state you collect sales tax in (before collecting any tax)... and naturally, each state has a different licensing process, and some charge fees to register. For small independent projects, it seemed like kind of a nightmare.

Re: Stripe Tax

#162

Post by Cu3PO42 »

Vespasian wrote: post #89
Cu3PO42 wrote: post #85

Earlier quoted context omitted.

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.

For B2C it is mandated by law[1] §1 (1) and (2) [1] https://www.gesetze-im-internet.de/pangv/BJNR105800985.html

So it is. I did a cursory search, but didn't come across that law. I edited my comment to reflect this.

Re: Stripe Tax

#163

Post by 42droids »

kmoriarty wrote: post #107
rorykoehler wrote: post #103

Earlier quoted context omitted.

How long is soon? I'm asking as I'm in the middle of building a saas. I might get to payments functionality in about 2-3 weeks if all goes well. Should I wait or register interest?

Shoot me an email with your account ID and I'll make sure you're enabled by the weekend! kmoriarty@stripe.com

That's what I call good customer service. :)

Re: Stripe Tax

#164

Post by sumedh »

nickpp wrote: post #148

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 sur…

Stripe's documentation and API integration was so simple compared to Paypal and others.

Re: Stripe Tax

#165

Post by alibarber »

Ndymium wrote: post #51

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 the…

I understand that from the 1st of July, the electronic services section will expand to all goods, potentially with some thresholds, so you should charge the VAT rate for that particular item at the customer's home country and submit that to the Finnish tax authority (under the OSS scheme).

Re: Stripe Tax

#166

Post by kmoriarty »

fastball wrote: post #137

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.

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

Re: Stripe Tax

#167

Post by scoot »

Ndymium wrote: post #51

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 the…

Good summary. It's easy enough for EU VAT/MOSS, but this is the killer right here:

> you may be liable to collect and pay VAT to the customer's country's tax authorities

Re: Stripe Tax

#169

Post by cperciva »

hobs wrote: post #128
______- wrote: post #105

Earlier quoted context omitted.

> It doesn't say they file the taxes for you Yay for automation, but is using third parties to file taxes not open to fraud and potential error (if you don't do it yourself?)

Literally all companies pay other people (accountants, lawyers) to do their taxes and in many cases they are third parties so no, that is not the case. https://www.irs.gov/businesses/small-businesses-self-employe...

Not literally all. I can name several small businesses which do their own taxes.

Re: Stripe Tax

#170

Post by teamspirit »

tzs wrote: post #144

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 co…

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.
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