Solidgate launches new cross-regional tax management platform, automating indirect tax compliance and reducing complexity for multinational businesses

Solidgate — a leading payment processing platform that offers orchestration and acquiring capabilities for over 150 currencies and payment methods—has today announced the launch of its Tax Compliance Platform, a self-service, pay-per-use solution designed to simplify VAT and sales tax management for multinational digital businesses. Providing a modern alternative to archaic tax management tools, this new platform eliminates many of the inefficiencies of tax compliance, saving businesses time and resources to refocus on scaling operations.

With every jurisdiction stipulating different indirect taxation rules, multinational businesses face navigating a complex tax landscape. The United States alone offers over 13,000 sales tax jurisdictions, with rates differing depending on where the sale is made, the merchant’s location, and the product being sold. While technology is enabling modern businesses to grow, tax complexity continues to hold many back from pursuing international expansion. According to a recent Deloitte report, burdensome and complex tax reporting and data collection requirements pose the greatest challenge for finance executives.

Previously, a lack of alternatives forced companies to use archaic tax platforms with outdated user interfaces and unclear user experience that require lengthy fixed-fee contracts, as well as long and complicated onboarding and integration processes.

However, Solidgate’s Tax Compliance Platform is a self-service solution that automates time-consuming tax calculation, collection, and reporting processes. This ensures accuracy for businesses handling multiple tax profiles and pricing structures. Furthermore, by working with over 100+ acquirers, payment processors, PSPs, and payment methods within its orchestration engine, Solidgate allows you to avoid payment vendor lockup and directly import sales from your payment provider of choice. Advanced connectors to the most popular CRMs, ERPs, and accounting software tools are also included. 

Key features of Solidgate’s Tax Compliant Platform include:

• Synchronized payment management: Automatically synchronizes data from hundreds of payment processors, including Worldpay, Adyen, Checkout, Nuvei, and Stripe.
• Seamless integration: Pairs seamlessly with leading CRM and ERP platforms and accounting software through no-code or API integration, reducing set-up time and configuration complexity for businesses selling digital goods and services.
• Automated tax calculations: Automatically calculates applicable taxes based on predefined parameters, such as customer location and transaction type, ensuring accuracy and compliance.
• Customizable rules and rates: Set regional-specific tax rates and product-related rules, finetuning calculations and reports according to your business’s needs. 
• Multi-region compliance: Enhances the checkout experience with clear and transparent tax calculations, allowing businesses to handle tax-included or tax-excluded pricing and meet regulations across jurisdictions, including the US, European Union, UK, and more.
• Real-time reporting: Generates comprehensive tax reports in real-time, ensuring accuracy while simplifying tax filing and reconciliation processes.

“Indirect tax management is a pain point for every company that operates across borders, often slowing them down—if not stopping them entirely—from exploring new markets. Our goal is to remove the complexity of tax compliance, allowing companies to focus on growing their business. With regulations constantly changing, our team keeps on top of factors such as tax rate changes and new local laws across all states, counties, cities, and special districts to ensure our customers are compliant at all times.” said Yuri Alekseev, CEO of Solidgate.