Overview
At Anrok, we're committed to keeping our customers informed about critical tax regulation changes and continuously enhancing our platform with new features that improve your experience. Welcome to our May edition!
🔍 Regulatory Update
SaaS businesses are facing numerous changes in sales tax rules as governments worldwide implement new digital tax regulations. These changes can vary from state to state and country to country, so Anrok ensures that software companies operating in multiple locations can stay up-to-date.
Important policy changes:
- Utah adjusts its economic nexus threshold — Utah will eliminate its 200-transaction economic nexus threshold for remote sellers starting July 1, 2025. Utah is following the Streamlined Sales and Use Tax Agreement's initiative to eliminate transaction thresholds, which burden small sellers with low-dollar transactions and are expensive for states to manage. [Learn more]
- South Africa discontinues planned VAT rate changes — South Africa has canceled its planned VAT increase following political opposition. The country’s VAT rate will remain at 15%. The country’s finance ministry stated that no immediate alternative revenue sources will replace the canceled VAT increase. [Learn more]
- Washington updates ad agencies' sales tax requirements — Washington state lawmakers have passed a bill requiring ad agencies to collect sales tax on digital advertising services. If approved, the bill would force agencies to collect 7.5% to 10.6% sales tax when providing services like creating digital ads, analyzing performance, or planning online campaigns. [Learn more]
Tip
Review our comprehensive guide on implementing adaptable tax solutions for growing SaaS companies if you need support navigating these changes.
📢 Key Anrok Update
We're excited to announce our new Anrok+Stripe integration, providing seamless tax calculation directly within your payment flow. The integration connects your Stripe payment gateway with Anrok's tax engine, applying jurisdiction-specific rules to each transaction in real-time.
Why it matters:
- Automate the complete compliance journey — From calculation to filing to remittance, all triggered by your Stripe transactions in real-time.
- Less manual work — Eliminate the need for separate tax calculation systems or reconciliation.
- Connect in minutes, not months — Install directly from the Stripe Dashboard with no coding, API development, or maintenance required.
- Support all Stripe billing flows — Direct integration with Subscriptions, Checkout, Elements, Payment Links, Stripe API, and Customer Portal with low-latency performance.
🚀 Product Update
SaaS businesses are constantly seeking better ways to manage their operations as technology platforms evolve and introduce new capabilities. Anrok ensures that software companies can leverage the latest features to streamline their processes and stay competitive across multiple markets.
New features and changes:
- New countries supported — We’ve expanded our default coverage to 6 more countries: United Arab Emirates, Egypt, India, Ukraine, Taiwan, Tanzania. No work on your end is needed, these will now be automatically monitored by Anrok for you.
- Auto-reprocessing for exemption certificates — Anrok now automatically reprocesses past transactions when you upload or approve an exemption certificate. This means that any unfiled transactions in the past 60 days will be re-assessed upon certificate creation, and tax refunds issued automatically when relevant. Click 'Contact us' on your Anrok account if you’d prefer to disable this functionality or change the refund window.
- Expansion to support physical goods (Get early access) — Recently, we announced Anrok’s expansion to support physical goods, extending beyond digital services to tangible product lines like e-commerce and manufacturing. Click 'Contact us' on your Anrok account if you would like early access to this feature.
- New HRIS integrations — We recently added two new HRIS integrations in beta: Sequoia One and ADP Workforce Now. This will allow you to automatically synchronize HRIS information and record physical nexus.