What happens to the funds after tax is collected on Stripe?
When using Stripe Tax or Tax Rates, once the respective amount of tax has been collected from your customer, it will be added to your Stripe account balance and then paid out to you accordingly as per your payout preferences. If you’re a business collecting taxes, you must report, file, and remit the taxes collected in every jurisdiction that you’re registered in.
You can use the tax reports from the Dashboard to help understand how much tax you might have collected in a jurisdiction and are required to remit.
Please ensure you understand and comply with obligations of each jurisdiction and consult your tax advisor if you need help.
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