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Stefan Stancuna avatar image
Stefan Stancuna asked ·

Is sales tax paid by Fintechs for billing US and non-U.S. customers?

fusionfabric.cloud
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Stefan Stancuna answered ·

Tax is applied based on the billing entity - Finastra, and bill to / ship to of the customer. Tax will not be applied when there are billings from UK to US, however there would be tax when billed from US to US clients. Billing from UK to UK would apply tax, billing to all other countries do not have apply tax, means billing from UK to Middle East and APAC regions do not apply tax.

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