Taxes
VAT and sales tax
How tax will work on your sales. Stripe Tax works out VAT and sales tax at checkout. Tax settings in Lanternbee are coming.
Coming. Tax settings arrive with payments, before stores open.
How it will work
You are the seller, so the tax on your sales is yours to report. Lanternbee helps with the part that is hard to do by hand: working out the right rate for each reader.
- At checkout, Stripe Tax works out VAT or sales tax for the reader’s location.
- Each order shows the tax line next to the subtotal, shipping and total.
- Under Store settings, Your data, you can export your orders as a CSV for your accountant. See a tour of Store settings.
Ebooks in the EU
In the EU, VAT on ebooks and audiobooks is charged at the rate of the reader’s country, not yours. Our VAT guides by country explain the rules.
We plan to take EU VAT on digital editions off your hands, by acting as the merchant of record for those sales. That is planned, not live.
We are not your accountant
Tax rules depend on where you live and how much you sell. Check with an accountant or your tax office before you decide how to report.