Software
Tax automation and compliance for software companies
Retain customers and expand into new markets with a single platform for fully compliant tax workflows.
OBLIGATIONS
As a software business selling globally, you need to be efficient with taxes
Understand who your customers are from a tax status perspecitve
As a software company, your customers could be both businesses and consumers, but your biggest contributors to revenue growth and retention will most certainly be the B2B segment. In order to understand if you need to tax them and invoice them properly, you’ll need to check and validate their tax ID numbers.
Know if, when, and how much you need to charge in indirect taxes
Once you know who you need to tax and who not (also very relevant), you will need to determine what indirect taxes to charge based on the rules of the country of your customer. Typically, this will depend on the nature of your services and the amount of sales you have generated to each country.
Issue invoices compliant with local tax juridstictions
As a software business with a broad customer reach, you could often hear requests for compliant invoices, especially from your business customers. They need this for accounting and tax compliance purposes, and not meeting their demands means increased customer support costs, manual work, and potential churn.
Report transactions to tax authorities if required
If you are rendering your services in different countries through a local branch or legal entity, you may be required to report your sales transactions in real-time to the tax authorities electronically (e.g. selling to customers in Mexico via a Mexican entity).
PRODUCTS
How Fonoa helps software companies
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.
OBLIGATIONS
PRODUCTS
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.
OBLIGATIONS
PRODUCTS
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.
Learn how Fonoa can automate and streamline your tax and compliance processes for greater control and scale.
Schedule a demo today.
