Automatically validate the tax status of marketplace sellers, determine the right tax rates for each transaction, and customize reporting according to each local tax authority’s requirements.
As a marketplace, chances are you facilitate and engage in cross border transactions. Whether your customers are business customers or consumers, you will need to verify their tax status to understand if your services require you to charge any indirect taxes like VAT/GST, etc. across the globe.
Once you know the customer /seller tax status you need to determine the correct tax rate to be applied to transactions across the globe. What’s more, amid new marketplace regulation in the EU and the World, you will become liable for certain transactions on the platform instead of the underlying seller
Customers often ask for compliant invoices for accounting and compliance purposes (esp. B2B), and not meeting their demands increases customer support costs, manual work, and churn. Furthermore, platforms that resell from many different sellers and don't get invoices can have issues streamlining their accounting and compliance processes.
Transactions taking place on a marketplace can be touched by different tax regulations and can sometimes mandate real-time reporting to tax authorities. However, SMEs are often not aware of their obligations or find it hard to solve these compliance requirements which can be both a barrier for sellers to use your platform and a risk for non-compliance that can harm both your and their business.
Our products help you establish the tax status of your suppliers and customers, determine if and what taxes apply to your transactions and allow you to report your transactions to tax authorities throughout the world in real time or periodically.
Through our product, we help you establish the tax status of your suppliers and customers, determine if and what taxes apply to your transactions and allow you to report your transactions to tax authorities throughout the world in real time or periodically.
Through our product, we help you establish the tax status of your suppliers and customers, determine if and what taxes apply to your transactions and allow you to report your transactions to tax authorities throughout the world in real time or periodically.
Schedule a demo today.
Automate tax collection, data management, and compliance with a suite of products built for cross-border transactions.
Give customers and guests a flawless, friendly experience by charging them correctly for lodging, transportation, and services purchased online.
Issue invoices in the right language and format automatically from a single platform, for your buyers and on behalf of your marketplace sellers.
Understand tax liabilty for you and your sellers, produce locally compliant invoices, and report transaction data in accordance with DAC7 — all with a single global tax solution.
Sellers of international train, plane, and bus tickets must calculate VAT based on several factors in multiple countries. See how an intelligent global tax engine applies complex tax rules to figure it all out for you in an instant.
Through our product suite, we help you establish the tax status of your suppliers and customers, determine if and what taxes apply to your transactions and allow you to report your transactions to tax authorities throughout the world in real time or periodically.
Schedule a demo today.