The world of global payments can be a labyrinth of regulations, especially when it comes to taxes. Here at XTRM, we believe in making international transactions intelligent, efficient, and stress-free. That’s why we take the burden of tax reporting off your shoulders, so you can focus on what matters most – growing your business.
The XTRM Advantage: Global Payments, Simplified Tax
- Third-Party Settlement Organization (TPSO): We act as the central hub for all your transactions, ensuring compliance and simplifying tax for both you and your partners.
- Clear Payment Source: All payments are made from XTRM, providing a clear and transparent record for tax purposes.
- No Withholding Tax at Source: Recipients are responsible for reporting their income, eliminating the need for complex withholding tax calculations.
- Beneficiary Responsibility: We provide all the necessary data for recipients to report their earnings to their local tax authorities. This includes downloadable reports like 1099-Ks (US) and equivalent documents.
- Remitter Reporting Support: We offer reporting tools to help remitting companies comply with local tax regulations. In specific cases, we may even handle reporting on your behalf.
- Seamless Data Collection: XTRM electronically captures all relevant tax data, making filing a breeze for both parties.
Focus on Growth, Not Tax Forms
With XTRM, you can say goodbye to the complexities of global tax reporting. We handle the heavy lifting, so you can focus on building strong partnerships and scaling your business internationally.
Ready to experience the intelligent way to pay and get paid globally?
Contact XTRM today and let us take care of the tax side of things, while you unlock a world of new opportunities. Book a call with our sales team.