Why Does the Tax Amount in Taxually Differ from Stripe Tax?

If you’ve noticed a difference between the tax amounts shown in Taxually and what you see in Stripe Tax (when running the itemized tax report from the Stripe Tax dashboard), don’t worry—it’s not uncommon. These differences usually come down to how tax is calculated or interpreted across platforms. Below are some common reasons:

1. Sales to Monaco (Treated as France for VAT)

Stripe Tax currently doesn’t support tax collection for Monaco, but for VAT purposes, Monaco is considered part of France. This means that some sales to Monaco may still be subject to French VAT. Taxually recognizes and correctly applies tax to these transactions, which may result in higher totals compared to Stripe Tax.

2. Currency Conversion Differences

Tax amounts must be reported and paid in the local currency of each jurisdiction.

• Taxually uses official exchange rates published by each tax authority on the date of the transaction.

• Stripe Tax may use a different rate source or calculation method.

This can lead to small differences between the systems, but Taxually always reflects the most accurate and compliant amount.

3. Missing or Incomplete Address Information

If a transaction doesn’t include complete address details (like country, state, or ZIP code), it may not be assigned to a specific jurisdiction in Taxually. These transactions are excluded from reporting until full tax location data is available. To prevent this, make sure all transactions include complete and accurate address information.

4. Manual Invoices Not Processed by Stripe Tax

If you create manual invoices in Stripe or manual tax rates set up in Stripe Tax, these transactions:

• Won’t appear in the data Stripe sends to Taxually

• Can’t currently be included in your tax return by Taxually

5. Time Zone Differences

Taxually processes transactions using UTC (Coordinated Universal Time) for reporting purposes, while Stripe may use your local time zone. This can occasionally result in a transaction appearing in a different reporting period depending on its timestamp. Learn more about how Taxually uses time zones →

✅ Summary

? Still Unsure?

If you’re seeing unexpected differences, feel free to contact our team. We’ll help you reconcile the numbers and make sure everything is on track.