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How does Taxamo deal with B2B transactions?
Taxamo supports B2B transactions, it is a key feature for Taxamo.
Even though the 2015 EU VAT rules only affect B2C supplies of digital services to customers in the EU, it’s obvious that some suppliers will also deal with businesses.
Taxamo will not charge tax on B2B transactions if the customer provides a valid tax number as evidence (unless the B2B transaction is domestic).
The Taxamo solution also validates tax numbers in real-time, therefore identifying B2B transactions during the customer’s payment journey.
It is necessary to validate these tax numbers in real-time so that a specific sales order can be split into B2C and B2B transactions, and the correct tax rate applied to the B2C sales.