#Hiral

1 messages · Page 1 of 1 (latest)

gritty impBOT
old bane
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Hi 👋 that chart shows our Destination Charges flow. With that flow all objects processing the payment are stored on the Platform account, so that is where your tax, price, and product objects need to be.

hollow charm
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ok..

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so, if Connected account has to file tax then tax and product/price settings should be configured in Connected Account and customer should pay to this account and a cut of paid amount should transfer to Platform.

Is this understanding correct ?

old bane
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I'm not sure off-hand, but I wouldn't expect you to need to switch to using Direct Charges for tax reporting purposes.

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Especially since changing the charge flow that you're using means you should also change the type of Connected Accounts that you're using. Have you looked at the Tax Reporting functionality that is available with Connect to see if that meets your needs?
https://stripe.com/docs/connect/get-started-tax-reporting

Use the Stripe 1099 tax reporting product to create, modify, file, and deliver tax forms for your connected accounts.

hollow charm
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Let me check this spec and get back to you if any query.

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Thanks!