Fonoa is the first global tax automation platform that allows you to validate tax IDs, calculate taxes, generate invoices and e-invoices, report transactions and file your tax returns through a single solution.
6 reasons to choose Fonoa:
1. Comprehensive Global Tax Technology Solution - Fonoa is the only provider that offers a full suite of tax automation products on a global scale: tax ID validation, invoicing and e-invoicing, calculations, and returns.
2. Fast implementation - Our enterprise solutions are on average implemented 16 times faster than the legacy players. This is thanks to our simple API which offers quick integration and flexibility to meet your needs, allowing for new market or product launches in days.
3. Automated Data Processing - Our system automatically processes data from yours, thoroughly cleans it, and then returns it post-processing, reducing your hands-on work.
4. Scalability - Fonoa offers a timely delivery of new requirements, easy expansion to new countries, and effortless handling of increased volumes.
5. Agile Support - 80% of tickets are solved in one touch and with an average solving time of under 16 hrs. You will have a dedicated team of tax, engineering, and product experts throughout implementation and the entire engagement lifecycle.
6. Full Transparency - Fonoa was built as a single global platform with one UI and the same data format across countries.
Fonoa has rapidly grown to become a trusted partner for businesses worldwide seeking to navigate the intricacies of tax compliance effectively, which is why companies such as Zoom, Uber, Remote, Groupon, Squarespace and Netflix trust Fonoa to automate and manage their global tax obligations.
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Product Description
Fonoa is a global tax automation platform designed to simplify and streamline tax compliance for digital businesses operating across multiple jurisdictions. By integrating seamlessly into existing financial and operational systems, Fonoa enables companies to manage real-time tax calculations, invoicing, reporting, and compliance, ensuring adherence to the latest global tax laws.
Key Features and Functionality:
- Tax ID Validation: Instantly validate VAT, GST, and other tax IDs across more than 100 countries using official government databases, ensuring accurate and compliant transactions.
- Tax Calculation: Automatically determine the correct tax treatment for both domestic and cross-border transactions in over 190 jurisdictions, considering variables such as transaction type, parties' taxable status, and location.
- Invoicing: Generate tax-compliant invoices and credit notes that meet local requirements globally, facilitating smooth and lawful business operations.
- E-Invoicing and Real-Time Reporting: Report transactions and create e-invoices in real-time across various countries with a standardized solution, staying updated on local regulatory changes.
- Tax Returns: Automatically prepare, review, and submit error-free VAT and GST returns from a single platform, reducing manual workload and potential errors.
- Data Sharing Compliance: Meet evolving tax information reporting obligations and securely share tax data with authorities across countries, ensuring compliance with regulations like DAC7.
Primary Value and Problem Solved:
Fonoa addresses the complexities and challenges associated with global tax compliance for digital-first businesses, marketplaces, and SaaS companies. By providing a single, scalable tax solution that adapts to diverse compliance needs, Fonoa eliminates tax-related complexities, reduces manual workload, and mitigates risks associated with cross-border transactions. This empowers businesses to focus on strategic growth and confidently scale operations worldwide, knowing their tax obligations are managed efficiently and accurately.
Overview by
Chloe Stewart
