Online payments company Stripe has launched a new product aimed at helping businesses automatically calculate and collect tax. The new product known as Stripe Tax has been developed at its Dublin engineering hub. Stripe Tax, which works across more than 30 jurisdictions including the Republic, essentially tells businesses where they need to collect taxes and creates comprehensive reports to making filing easy. Stripe acquired TaxJar, a US provider of sales tax software, in a multi-million dollar deal in April. The company said it intends to bring the TaxJar and Stripe Tax teams together to work together.

Source: The Irish Times June 10, 2021 13:21 UTC