Payment Giant Stripe Rolls Out Automated Tax Solution in Singapore

Payment Giant Stripe Rolls Out Automated Tax Solution in Singapore

by March 17, 2022

Stripe, a global payments firm, has announced the launch of Stripe Tax in Singapore.

This helps domestic businesses automatically calculate and collect consumption tax, better known as goods and services tax (GST), in Singapore, as well as sales tax, value-added tax (VAT), and GST in over 35 countries for cross border operations.

This tells businesses where they need to collect tax, and creates comprehensive reports to make filing tax returns easy.

Stripe Tax covers Consumption Tax, Sales Tax, VAT and GST requirements in Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Malta, New Zealand, the Netherlands, Norway, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, Spain, South Africa, Sweden, Switzerland, the United States, and the United Kingdom.



Sarita Singh

Sarita Singh

“Changing tax charges and regulations continues to be a challenge for businesses of all sizes. For businesses looking to expand or go global, they will need to spend more time to understand the local tax considerations and meet compliance requirements in each country.

 

Hence we’re making Stripe Tax available in Singapore and over 35 countries. We want to help forward-looking businesses do the heavy lifting so that they can focus on core business activities, including planning for growth,”

said Sarita Singh, Revenue & Growth Lead for Southeast Asia at Stripe.

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