- VIES is a search tool created by the European Commission to validate the VAT identification number of businesses registered in the EU.
- It checks the number against national VAT databases and provides the registered name and address of the company.
- VIES ensures authenticity, facilitates cross-border transactions, and promotes transparency.
- However, there are some drawbacks, such as availability issues, limited data, and potential for misuse. Businesses should not solely rely on VIES and should have backup strategies in place.
- Fonoa offers a platform, Fonoa Lookup, that helps companies meet their tax compliance obligations by automatically validating tax ID numbers from customers and suppliers worldwide.
Source Fonoa
Click on the logo to visit the website
Latest Posts in "World"
- VAT as digital infrastructure: why the next phase requires Trust 4.0
- Why Chatbots Don’t Solve VAT Compliance
- Top 5 Indirect Tax Trends from SYNAPSE 2026: AI, Real-Time Compliance, Automation, and Data
- Centralizing Global Hospitality Compliance: Streamlining E-Invoicing and Tax Reporting Across Regions
- Top 7 e-Invoicing Compliance Solutions for Global VAT in 2026: Features and Selection Guide
