- Limitations of VIES: The VIES service, although free, has significant limitations, including incomplete VAT ID coverage, frequent downtimes (up to 17%), and a lack of support, leading to potential revenue losses for businesses relying solely on it for tax ID validation.
- Fonoa Lookup as a Solution: Fonoa Lookup offers a comprehensive alternative, allowing businesses to validate all tax IDs, including those not covered by VIES, and provides additional data points such as business activity status and VAT registration dates, enhancing decision-making in VAT compliance.
- Transition to Enhanced Services: As businesses increasingly seek accuracy and efficiency in tax ID verification, Fonoa Lookup’s capabilities—including validation in over 110 countries, better uptime, and dedicated client support—position it as a superior solution compared to VIES, facilitating a smoother and more reliable compliance process.
Source Fonoa
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