The Essential Guide to Tax Number Validation
Validating tax ID numbers (or TINs) is an increasingly important step for digital businesses looking to stay compliant, ensuring companies collect and remit the right amount of tax. Unfortunately, businesses that do not validate TINs are often overcharging or undercharging their clients, leading to non-compliance – and unhappy customers. This must-read guide for tax teams outlines the:
- Many reasons companies are choosing to validate TINs
- Challenges and critical limitations that make validation difficult
- Steps tax teams can take to properly validate their customers’ TINs