Why validate tax numbers at all?
There are several reasons to validate a tax ID, but the three most common are:
- Sales: for multinational enterprises to charge customers the right amount of VAT/GST on their cross-border sales.
- Purchases: for businesses to check that their suppliers are properly registered to charge VAT/GST; and
- Data Sharing: for platforms and marketplaces to accurately share data about the persons trading via their sites and applications (aka ‘platform sellers’).
Source Fonoa
Latest Posts in "World"
- Open ECX Achieves PEPPOL Accreditation, Enabling Global, Compliant E-Invoicing and Document Exchange
- Global VAT Compliance – Recent VAT Developments – Quick Update
- VATupdate’s Comprehensive Country Booklets
- OECD Invites Global Submissions on AI-Driven Innovation in Government by February 27, 2026
- VAT recovery in the motorsport industry
