Platform
Accounts Payable
Automate your accounts payable workflow - from ERP to your supplier’s bank account.
Global Receivables
Open unique receivable accounts worldwide to collect payments like a local, save on fees, and control currency conversions on your terms.
Currency Conversions
Enjoy consistent rates with 24/7 control.
Treasury Management
Unified financial operations management across borders and entities.
Corporate Cards
Cards tied to your global accounts - spend globally, earn cashback, and eliminate currency conversion fees.
Integrations
Pull and push transaction data with a single click.
Solutions
Tech
See how Finofo solves the pain points of Tech & SaaS companies.
Food & Agriculture
Leverage Finofo’s platform to grow your Agribusiness globally.
E-commerce
Swipe right on better Global Banking
Automobile Industry
Drive growth with smoother, faster international transactions.
Manufacturing
Finofo makes your financial workflows as advanced as your production line.
Retail & Wholesale
Finofo helps you expand beyond borders with ease.
Pricing
Pricing
All the features without any paywalls
Company
About Us
Empowering business finance teams with technology to surpass traditional barriers.
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Finofo’s “Pay it Forward” program
Resources
Blog
Learn more about Finofo, Technology, Payments, and Banking.
Case Studies
See Finofo in action with our customers’ stories.
Changelog
Product news and updates.
Powerful tools to save you time and money.
Help Center
Product guides, best practices, and FAQs.
Comparison
Using a Bank?
Here’s what your Finance team endures — experience their pain.
Working with an FX Broker?
Are they really looking out for your best interests? Understand the trade-offs.
Using other Fintechs?
Are they truly solving your needs? Compare and see the difference.
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Glossary

Tax

Tax is a financial charge imposed by the government on individuals, businesses, or entities based on their income, profits, or transactions to fund public services and government operations.

Understanding the concept of taxation

Tax refers to the financial responsibility imposed on individuals or businesses, compelling them to remit funds to the government in aid of its functions. The assessment of tax is contingent upon the earnings, possessions, and undertakings of the individual or entity. Payment of tax can be made either in currency or by offsetting amounts from other dues owed to the government. Taxation stands as a significant contributor to governmental income and serves as a pivotal element within a nation's fiscal framework.