Micromobility

Automate taxes for your Micromobility ecosystem

While operating a global business, Fonoa helps you automate tax compliance for your services reducing support costs and manual work.

Make sure you stay tax-compliant despite a high volume of transactions across the globe and significant 3rd party interactions 

OBLIGATIONS

Micromobiliy carries its own tax complexities

Make sure you are validating any 3rd party businesses you work with

As a micromobility platform, chances are that some of the 3rd parties you work with in various countries to help you with charging & cleaning bikes / scooters / other vehicles are taxable businesses, so you need to verify tax IDs as you transact with them.

Calculate and apply correct indirect taxes rates globally

Make sure you are applying correct indirect tax rates to any transaction taking place on your micromobility platform across the World where required.

Issue invoices compliant with local tax juridstictions

Working with high volumes of B2C transactions in various tax jurisdictions, t’s important to be aware of legal obligations in every country, as each has its own rules and regulations around invoicing and what constitutes a compliant invoice. In case you use local third parties to recharge your vehicles or equipment and don’t receive invoices, self-billing could be a good alternative for your internal accounting purposes.

Ensure transactions are reported to tax authorities where needed

It’s good for micromobility operators to be aware of the growing amount of rules and regulations throughout the world that prescribe real-time transaction reporting to tax authorities. In many countries, you are now required to report your sales transactions to the tax authorities (most recently in Hungary for eg.) electronically and in real-time through specific reporting portals established for this.

In many countries, you are now required to report your sales transactions to the tax authorities electronically and in real-time through specific reporting protocols established for this.

See Fonoa in action

Schedule a demo to test our products, or create an account instantly and start automating taxes. You can also contact us to design a custom solution for your business.