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Marketplace tax management

Improve tax compliance for your Marketplace with one central solution. Marketplaces are now responsible for VAT and sales tax collection in many countries. US, Canada, EU, and others. With advanced tax technology in place, businesses can overcome these challenges and effectively manage VAT/GST and sales, and use tax to sell globally.
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Lovat OMP tax management benefits

 

  • Real-time tax calculation

    Lovat Marketplace API is a powerful tool you can integrate into your checkout flow. Support sales, use, withholding, VAT, and reverse VAT taxes.

  • Tax accounting

    At the LOVAT platform, you can fill and submit VAT returns, sales tax returns, IOSS, and OSS tax returns directly to tax authorities.

  • Monthly tax reports for Vendors

    Your vendors even when they don’t pay VAT or sales tax need to have sales data with information about remitted tax.

  • Reports for tax authorities for more than 100 countries

    Marketplace subscription includes a tax cloud and allows you to download the Data matrix set for each country when you have a tax audit.

Expert advice every step of the way

Tax requirements for marketplaces can be overwhelming. Therefore we offer you onboarding support from our tax team. Based on your requirements they analyze together with your tax consultant the situation and offer a solution. LOVAT has helped to set tax management for marketplaces in more than 100 countries. Everything we’ve learned is available to you through our guides, blog, and expert support.

Features

Lovat Marketplace API handles the most demanding customer requirements, delivering an experience simple enough for anyone to adopt:

  • Threshold tracking- keep track of your global sales and
  • Tax number checker- Validate VAT/GST number for exempted or reverse charge transactions
  • Geolocation – determine ZIP code and tax rate from IP address
  • Access to worldwide standard tax rates and reduced tax rates
  • Multy vendor ready
All-in-one solution for your global tax liabilities