VAT number check

Automatic VAT number check directly in your SAP system.

For EU-based exporting businesses, all deliveries of goods and services to companies in foreign EU countries are exempt from value added tax. The prerequisite for this exemption is that the foreign value added tax ID number (VAT ID No.) of the company receiving the goods and/or services is specified on the accompanying invoice. Since 01.01.2010, this tax exemption has also required verification of the recipient company’s VAT ID No. by the company supplying the goods/services, because the recipient company’s VAT ID No. must be valid at the time the accompanying invoice is issued. If the wrong VAT ID No. is used, a VAT payment obligation can arise for the exporting company.

Mercoline’s M.SecureTrade solution helps companies to avoid this risk. M.SecureTrade automatically conducts a check directly within the SAP system of the accuracy of VAT ID numbers, i.e. in invoices or in orders, against the online lists provided by the German federal central tax office and/or the EU.

With M.SecureTrade’s “Value added tax-ID check” module, Mercoline has developed a solution for SAP user companies that is fully integrated into the SAP system. In contrast to non-SAP solutions, M.SecureTrade makes background checks directly in the SAP system possible as part of the process, eliminating the need for you to interface with external systems.

M.SecureTrade (VAT number check)

Assess the accuracy of value added tax identification numbers (VAT ID No.) directly in your SAP system and avoid unnecessary value added tax payments resulting from incorrect VAT ID numbers.

But M.SecureTrade can do even more. Use another M.SecureTrade module Sanction-list scanning to also check business partners against sanctions lists.