diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4afae1cb2a..c5eb586b1f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,10 @@
 # Changelog
 
+## 10.16.0 - 2022-11-03
+* [#1596](https://github.com/stripe/stripe-node/pull/1596) API Updates
+  * Add support for `on_behalf_of` on `CheckoutSessionCreateParams.subscription_data`, `SubscriptionCreateParams`, `SubscriptionSchedule.default_settings`, `SubscriptionSchedule.phases[]`, `SubscriptionScheduleCreateParams.default_settings`, `SubscriptionScheduleCreateParams.phases[]`, `SubscriptionScheduleUpdateParams.default_settings`, `SubscriptionScheduleUpdateParams.phases[]`, `SubscriptionUpdateParams`, and `Subscription`
+  * Add support for `tax_behavior` and `tax_code` on `InvoiceItemCreateParams`, `InvoiceItemUpdateParams`, `InvoiceUpcomingLinesParams.invoice_items[]`, and `InvoiceUpcomingParams.invoice_items[]`
+
 ## 10.15.0 - 2022-10-20
 * [#1588](https://github.com/stripe/stripe-node/pull/1588) API Updates
   * Add support for new values `jp_trn` and `ke_pin` on enums `Checkout.Session.customer_details.tax_ids[].type`, `Invoice.customer_tax_ids[].type`, `Order.tax_details.tax_ids[].type`, and `TaxId.type`
diff --git a/VERSION b/VERSION
index f9fb144f9a..5007551bf8 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-10.15.0
+10.16.0
diff --git a/package.json b/package.json
index aba97185f2..079300ad6e 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "stripe",
-  "version": "10.15.0",
+  "version": "10.16.0",
   "description": "Stripe API wrapper",
   "keywords": [
     "stripe",