Payments company Stripe has expanded its product portfolio further, adding a new tax service.

Stripe Tax will let firms automatically work out and collect taxes on sales, VAT and goods and services in more than 30 countries including Ireland.

"No one leaps out of bed in the morning excited to deal with taxes," said John Collison, co-founder and president of Stripe.

"For most businesses, managing tax compliance is a painful distraction," he added.

The new service was built out of the company's Dublin engineering hub and has been in pilot testing for the last six months.

Last month Stripe bought US sales tax software provider, TaxJar, and the new service already integrates directly with it.

The system will enable businesses to calculate and collect tax based on a real time determination of where a customer is and what rules apply.

Consumers buying online will also be able to see the tax due at checkout.

For sellers, the service collects customer tax identification numbers, and automatically validates VAT identifiers for European customers, applying a reverse charge or zero VAT rate when necessary.

According to Stripe, two-thirds of businesses say tax compliance limits their growth and a majority say they would launch more products and expand to more countries if compliance were easier.

Founded by Irish brothers Patrick and John Collison, Stripe said in March that it would create at least 1,000 new jobs here over the next five years.

The announcement came as it raised $600m in fresh funding at a valuation of $95 billion.