Taxes
VAT and sales tax
Stripe Tax works out VAT and sales tax for each reader at checkout. You are the seller, so you report and pay it. EU VAT on ebooks is still yours to file.
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How it works
You are the seller, so the tax on your sales is yours to report. Lanternbee helps with the part that is hard to do by hand: working out the right rate for each reader.
- At checkout, Stripe Tax works out VAT or sales tax for the reader’s location. Your prices include tax, so the reader pays the price they saw and the tax is taken out of it.
- Stripe Tax runs on your own Stripe account. Tell Stripe where you are registered to collect tax in your Stripe Dashboard.
- Each order shows the tax next to the subtotal, shipping and total.
- Under Store settings, Your data, you can export your orders as a CSV for your accountant. See a tour of Store settings.
Ebooks in the EU
In the EU, VAT on ebooks and audiobooks is charged at the rate of the reader’s country, not yours. Our VAT guides by country explain the rules.
We plan to take EU VAT on ebook and audiobook sales off your hands, by acting as the merchant of record for those sales. That is planned, not live.
We are not your accountant
Tax rules depend on where you live and how much you sell. Check with an accountant or your tax office before you decide how to report.