Stripe announced the launch of “Tax for Platforms” to enable platforms operating on Stripe Connect to offer their users the Stripe Tax feature, ensuring seamless tax compliance.
Stripe’s new offering seeks to address a fundamental issue experienced by small business owners: the overwhelming complexity of global tax regulations. Michael Carney, the product lead for Stripe Tax, remarked, “Help with sales tax and VAT has been our platform users’ most commonly requested feature. We built Stripe Tax to extend the payment processing domain, and the evolution to ‘Tax for Platforms’ allows our partners to provide comprehensive transaction support to their users.”
