While operating a global business, Fonoa helps you automate tax compliance for your services reducing support costs and manual work.
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.
Make sure you are applying correct indirect tax rates to any transaction taking place on your micromobility platform across the World where required.
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.
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.
Through our product, we help you establish the tax status of your suppliers and customers, determine if and what taxes apply to your transactions and allow you to report your transactions to tax authorities throughout the world in real time or periodically.
Through our product, we help you establish the tax status of your suppliers and customers, determine if and what taxes apply to your transactions and allow you to report your transactions to tax authorities throughout the world in real time or periodically.
Through our product, we help you establish the tax status of your suppliers and customers, determine if and what taxes apply to your transactions and allow you to report your transactions to tax authorities throughout the world in real time or periodically.
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.