Empowering SMEs: technology solutions for international tax compliance

Most businesses worldwide are small and medium-sized enterprises (SMEs), but they face challenges in international trade due to tax and regulatory compliance issues.
SMEs struggle to keep track of legislative changes and assess their impact, hindering their ability to implement necessary processes.
Tax legislation poses a hurdle to international trade because local rules are constantly changing and often only available in local languages.
Technology has become indispensable for managing tax compliance, and Stripe offers an easily implementable tax compliance solution, enabling businesses to expand abroad seamlessly.
Stripe Tax automatically calculates and collects sales tax, VAT, and GST across over 40 countries and all US states.
A third of Stripe Tax users save 10 or more hours per month on tax compliance, while a similar percentage avoid the need for additional hires in finance or operations.