What happens to the funds after tax is collected on RapidCents?

Posted on 2023-04-20 Updated on 2023-05-19

When you use RapidCents Tax or Tax Rates to collect taxes from your customers, the amount will be added to your RapidCents account balance and paid out to you as per your payout preferences. As a business collecting taxes, it is essential that you report, file, and remit the taxes collected in each jurisdiction in which you are registered. Utilize the tax reports from the Dashboard to get an understanding of the amount of tax you may have collected in a jurisdiction and must remit.

To ensure you meet all obligations of each jurisdiction, consult a tax advisor if you need assistance.

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