FATCA Tax and VAT Compliance for AP

Reduce Tax Penalty Risk with KPMG-Certified W-9 and W-8BEN IRS Form Collection and Vetting

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Tipalti solves the complex, highly-manual process of collecting tax information for accounts payable:

  • Collects W-9, W-8, VAT Details
  • Walk Suppliers through Complex Requirements
  • Verifies Tax Numbers
  • Compliance in the Cloud

By implementing Tipalti’s solution, we were able to completely automate the collection of W-8/W-9 forms from 100% of our publishers, with no time invested by us. We also achieved complete tax compliance with regulations.”

President, Infolinks

Tipalti solves the complex, highly-manual accounts payable process of collecting tax information through digital capture directly during the onboarding flow, ensuring information is validated before a payment is ever processed. Ensure FATCA tax compliance with KPMG-certified tax form data validation along with withholding calculations.

Be FATCA-Compliant & Slash Tax Risks

Collecting W-9 and W-8 BEN IRS tax forms from suppliers as a year-end scramble doesn’t cut it in today’s heavily regulated environment. Tipalti’s tax solution for US payers simplifies the process and helps your company comply with IRS and FATCA tax provisions. Certified by KPMG, you can rest easy knowing your AP operation is always up-to-date with the latest US tax laws.

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Seamlessly Integrate Tax with Supplier Onboarding & Payments

All payees are required to fill out tax forms or provide their VAT/local tax ID as part of self-registration on the Tipalti portal before a payment is processed. Your company won’t be stuck with penalties and fines for failure to collect required W-9 or W-8 forms. No bolt-on processes, just simplicity for suppliers and your AP team.

Digitize Tax Form Collection & Validation for Ease of Use

Tipalti’s guided tax form wizard helps suppliers of US payers choose the correct form based on country and business structure – W-9, W-8BEN, W-8BEN-E, W-8EXP, W-8IMY, W-8ECI, W-4 or Form 8233. Once the correct tax form is selected, Tipalti has digitized the tax form documents and applies 1,000+ rules including TIN matching to ensure the proper data has been provided. No printing, signing paper, scanning, or filing. It’s all collected digitally and optimized for electronic signatures. At year-end, Tipalti generates 1099 / 1042-S tax preparation reports and calculates any necessary withholdings.

Confidently Go Global with International Tax Capabilities

For non-US payers, local and VAT tax ID collection is available in 49 countries.* Tipalti securely collects the supplier tax ID and our built-in tax engine validates against 3,000+ rules to help prevent ID errors and issues. For European countries, Tipalti also supports document collection so suppliers can provide additional information when needed and self-billing invoices where suppliers must approve invoices before payments can be processed.

*Supported countries are: Argentina, Australia, Austria, Azerbaijan, Belgium, Brazil, Bulgaria, Canada, Colombia, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Dominican Republic, Estonia, Finland, France, Germany, Greece, Honduras, Hong Kong, Hungary, India, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Malta, Mexico, Netherlands, Paraguay, Peru, Poland, Portugal, Romania, Russian Federation, Saudi Arabia, Singapore, Slovakia, Slovenia, Spain, South Korea, Sweden, Ukraine, United Kingdom, and Uruguay.

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Analyzing Finance and AP Operations

Conducted by TechValidate, this research report delivers findings on accounts payable processes.

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