diff --git a/package-lock.json b/package-lock.json
index 0d8aa8d2..ceddbd93 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -9,7 +9,7 @@
       "version": "1.0.0",
       "dependencies": {
         "@apollo/client": "3.11.8",
-        "@opencollective/taxes": "4.4.0",
+        "@opencollective/taxes": "5.0.0",
         "@styled-icons/feather": "10.47.0",
         "@styled-system/prop-types": "^5.1.5",
         "@styled-system/theme-get": "^5.1.2",
@@ -2626,9 +2626,9 @@
       }
     },
     "node_modules/@opencollective/taxes": {
-      "version": "4.4.0",
-      "resolved": "https://registry.npmjs.org/@opencollective/taxes/-/taxes-4.4.0.tgz",
-      "integrity": "sha512-DQbMf7hDnLMGV/f/gjKcOmIAiLaM12IKcNUL0tqU2DKWrWD3DD6cqXhl/ndSH1n2OBsXUgGY5KyG1G0cVEhdHg==",
+      "version": "5.0.0",
+      "resolved": "https://registry.npmjs.org/@opencollective/taxes/-/taxes-5.0.0.tgz",
+      "integrity": "sha512-gyrwi5UIe5jZjA//rF2FWc+e/Hq853zN/9eZ/xXKTIEwOOSB9cOaqcmSX+nHEXKWxplV8JPasuJTtxnaLkpgJQ==",
       "license": "MIT",
       "dependencies": {
         "jsvat-next": "3.0.4",
diff --git a/package.json b/package.json
index 45d9554a..453b2544 100644
--- a/package.json
+++ b/package.json
@@ -12,7 +12,7 @@
   },
   "dependencies": {
     "@apollo/client": "3.11.8",
-    "@opencollective/taxes": "4.4.0",
+    "@opencollective/taxes": "5.0.0",
     "@styled-icons/feather": "10.47.0",
     "@styled-system/prop-types": "^5.1.5",
     "@styled-system/theme-get": "^5.1.2",