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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? .
Earlier quoted context omitted.
Do you feel like the value is worth with the fee Stripe is charging?
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.
Earlier quoted context omitted.
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.
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?
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 ent…
Avalara (https://www.avalara.com/us/en/products/sales-and-use-tax/ava...) has been one of the go-to software platforms for this purpose. At least according to my wife, who is a CFO, and generally has to manage this stuff.
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 ent…
That's not how it works within Europe. You need to collect taxes in the country where your customer is located, you need to register with VAT instances in those countries. There are exceptions, for example up to some total revenue you may be allowed to collect local sales tax instead. This is what I've understood, but it probably gets more complicated in real.
Correct for the 1st part, on the 2nd part there is a VAT MOSS (One Stop Shop) where you report it in one place your sales/VAT for all the EU countries
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.
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.
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? .