BillaBear's Blog

"It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently." - Warren Buffett

As a SaaS business, you aren’t constrained to selling your products domestically. In fact, it’s not uncommon for SaaS businesses to have customers all over the world. The expansion opportunities SaaS businesses have access to are unmatched; however, selling globally does draw in other considerations, like value-added tax (VAT).

An efficient payment system is important for any SaaS business. It influences how customers perceive and interact with your service.

Software-as-a-service (SaaS) businesses commonly operate on a global scale. This means that controls surrounding VAT need to be implemented to maximize compliance and ensure accuracy in reporting. The good news is that the European Union has a One-Stop Shop portal that helps both EU and non-EU businesses streamline operations.

Today, we can announce that we've created a VAT Sense integration. VAT Sense is an API that provides you with the tax rate for lots of countries and allows you to validate EU and UK tax numbers.