API for online marketplace

Digital platform operators are liable for sales tax and VAT as well as report certain information about sellers using their platform. Our API enables marketplace facilitators for all reporting functions: calculate tax at buyers’ locations, collect data, and fill and submit reporting forms

Many countries, including the US and the EU, are increasingly moving towards collecting taxes and exercising control over sellers through platforms-marketplaces. This is reflected in the fact that many countries impose an obligation to collect indirect taxes on the marketplace. Also, environmental legislation regarding packaging imposes obligations on platforms. Since 2023, the DAC7 directive has come into force, according to which certain data on sellers must be transferred to the tax in digital form. And such legislation is constantly updated and added. We offer the marketplace a single reporting platform Lovat marketplace through which the company can control the reports that must be submitted in different countries and also the ability to generate such reports in the format required by government agencies.