Ensuring the accuracy of your customers' tax IDs is crucial to managing compliance. Without verification, you may be charging the wrong amount of tax, providing a poor customer experience, and be liable for any missing taxes. With Fonoa Lookup you can:
Learn more about how you can automate tax ID validation and ensure the correct tax rate for every transaction.
Contact SalesHaving accurate and up-to-date information about your customers’ and sellers’ tax status helps you avoid being held liable for any unpaid sales tax, VAT or GST.
Having accurate and up-to-date information about your customers’ and sellers’ tax status helps you avoid being held liable for any unpaid sales tax, VAT or GST.
By validating your business customers' Tax IDs, you are ensuring that you are dealing with tax registered business customers (B2B) and know when not to charge indirect taxes on your cross-border transactions. This leads both to cost-savings and gross margin increase vs approaching every transaction as taxable (B2C) and charging unnecessary taxes like VAT and GST that you have to remit to the tax authorities once you charge it.
Any business that sells to business customers cross-border, will need to collect their Tax IDs to determine if the transaction is taxable and for invoicing purposes.
If tax IDs are not valid for various reasons, or have expired, merchants will not be able to properly invoice these customers and will wrongfully not charge sales tax, VAT or GST.
Tax authorities across the world hold merchants liable for under-declared and unpaid taxes, along with late interest fees and penalties.
Automatically determine if a transaction is B2B or B2C
Understand whether the transaction is subject to sales tax, VAT or GST
Check if your customers’ or sellers’ Tax ID is valid
Avoid fraudulent activities and tax liabilities for your business
Our API receives data on your customer/seller location and tax ID.
We are directly linked with government databases across the globe and automatically verify the format and the syntax of a given tax ID, as well as check if the company is live in the local government database.
As a result, we validate whether the structure of any tax ID is valid and live in the country’s company registry, and whether it matches the info of the seller you are verifying.
Create your own custom use case with
Fonoa REST API - our rich prebuilt set of functions, tailored specifically to solve complex tax challenges businesses face when transacting online.
Sensitive data encrypted and safely stored.
User credentials hashed to ensure the privacy of the highest standard.
Data at rest and in transit encrypted, communication only via secure protocols.
Regular vulnerability assessments conducted by internal and external experts.
Host, Network, Web Application and Database Assessment, Penetration Testing, and other best practices applied in our everyday security work.
With our per-API-call pricing model, we make sure that you never pay any overhead for using our tax automation products.
Contact SalesSchedule a demo today.