An API-based solution for automated validation of business tax IDs.
Vertex Validator is an API-based solution than can be integrated into a seller’s existing ERP, CRM, e-commerce, marketplace or online platform to provide validation of business tax IDs to simplify customer/vendor management and support global tax audits.
Integrates with regional databases to validate VAT/GST identification numbers in 50+ countries. Full reporting provided to manage customer tax IDs to support audits. Where applicable, supports local requirements including exposing Captcha to the buyer during checkout and validating two tax IDs in a single request.
Validates the B2B tax ID to support the Reverse Charge Mechanism where applicable and to enable the buyer’s VAT-GST reclaim.
The API-based solution provides flexibility for where in the sales/onboarding flows to conduct the validation step. Integrate it with your existing ERP, CRM, e-commerce marketplace or online platforms. You can even implement it with your Vertex O Series (or other) VAT/GST calculation engine.
Vertex Validator enables the user to conduct direct single-transaction real-time validation, scheduled/reoccurring for validations for subscription sellers, and batch validations.
Experienced implementation consultants are available to ensure the ideal integration with your existing IT platforms and sales journey.
The Reverse Charge Mechanism shifts the obligation for VAT/GST collection from the seller to the buyer for B2B sales. This means a seller can apply 0% tax on a B2B sale with a VAT/GST-registered buyer (once the buyer’s tax ID number is validated) and the buyer then pays and deducts the tax simultaneously in their tax return.
Even when the reverse charge mechanism is not used, it’s important to verify the buyer’s tax ID in a B2B transaction. The tax ID must be shown on the receipt to enable the buyer to reclaim the tax.
Product Details: Vertex Validator
Automated global tax calculations fit seamlessly into your online sales journey and provide a solid foundation for managing compliance requirements.
Accelerate your marketplace growth while staying in compliance with Europe's VAT requirements.
Streamline and automate VAT/GST filing reports and returns to improve compliance and audit performance.
