Payments, tax compliance & reporting built for global marketplaces.

The partnership connects two parts of your compliance workflow that are often handled separately. Airwallex manages the payment infrastructure, accepting payments, holding multi-currency balances, and paying out to sellers across 200+ countries. Taxbit handles the tax side: collecting W-8/W-9 documentation at onboarding, normalizing tax-relevant payment data, and generating required tax reporting outputs including 1099s, 1042-S, CRS 2.0, and international reporting, based on the seller's jurisdiction and tax documentation.

The result is a connected workflow from seller onboarding to year-end tax reporting, with less manual handoff between systems.

High-growth marketplaces and platforms scaling globally face two things that break at once:

1. Managing multi-currency payouts across 200+ countries
2. Keeping pace with tax obligations including W-8/W-9, 1099s, CRS 2.0, and international tax forms, without adding manual, error-prone processes

As volume grows, many platforms end up stitching together payouts and tax reporting with manual, error-prone processes. Taxbit and Airwallex each solve one side of that equation, and together they reduce the gap between payment settlement and reporting obligations.

For US obligations, Taxbit supports W-8/W-9 collection, 1099 reporting, and 1042-S reporting.

For international obligations, the solution supports CRS 2.0 and DAC7/MRDP reporting for platforms and marketplaces, alongside broader international tax reporting workflows.

No. Taxbit's tax infrastructure is designed to work alongside your existing payment stack, whether you use Airwallex exclusively, alongside other PSPs, or are evaluating Airwallex as part of a broader infrastructure decision. That said, the tightest integration and cleanest data flow comes from using both platforms together.

If you're already an Airwallex customer looking to solve the tax reporting piece, speak with your Airwallex representative about how the workflow applies to your setup.

Most platforms underestimate the ongoing maintenance cost of building tax reporting in-house. The complexity sits underneath:

• Classification logic
• TIN validation
• Jurisdiction-specific rules
• Evolving schemas
• Need for a complete audit trail

Native payment provider reporting may not cover cross-border regimes, international seller documentation, or correction workflows across the full reporting lifecycle.

Taxbit is purpose-built for the full tax reporting lifecycle.

The best starting point is a walkthrough with your Taxbit or Airwallex representative.

From there, the teams can scope the implementation, including data ingestion, onboarding documentation flows, and which reporting obligations to prioritize.