BY INDUSTRY

Vendor Tax Capability

US entities and institutions are leveraging leading edge regulatory technologies to validate W-8 tax forms for their vendors, suppliers and non-employee compensation arrangements, whilst mitigating their risk and improving the efficiency of their tax documentation processes.
TAINA FATCA & CRS Compliance Solution for Vendor Tax

Risk of non-compliance for expanding vendor payments

US entities and institutions making payments to non US vendors or individuals is a common practice for services rendered. Many outsource this to payment service vendors as these payments require that you collect and validate a minimum of a US TIN or W-8 to prevent backup withholding and identify valid exemptions or treaty reduction where applicable.

TAINA helps you mitigate the risk of non-compliance for expanding vendor payments

Tax Vendor Pain points

TAINA applies automated validation rules

Validation Rules

Clear ruleset for qualifying specific special exemptions

TAINA platform covers expanded payment types

Expanded Payment Types

Expanded payment types for compensation & royalty payments

TAINA provides good quality data for information reporting

Information Reporting

Customized solution for expanding payments and information reporting

TAINA applies automated validation rules

Validation Rules

Clear ruleset for qualifying specific special exemptions

TAINA platform covers expanded payment types

Expanded Payment Types

Expanded payment types for compensation & royalty payments

TAINA provides good quality data for information reporting

Information Reporting

Customized solution for expanding payments and information reporting

TAINA Best in-class regulatory technology: FATCA and CRS Validation Platform

Leverage the best in-class regulatory technology to gain a competitive advantage

Benefits

Improve the efficiency of your tax documentation processes

Streamline your tax documentation process whilst mitigating risk and reducing costs with a fully automated, flexible FATCA and CRS Validation platform. Seamlessly integrate our online customer and investor portal and tax operations validation portals into your current process.

Streamline documentation collection and validation

Allows your vendors, suppliers and non-employees  to seamlessly complete and submit W8 forms  from their mobile or computer. Provide an intuitive user journey with built-in  tips based on IRS guidelines and instant validation checks for faster form completion and reduced rejection rates.

TAINA streamlines your documentation collection and validation
TAINA collects and validates online w-series forms

Online W-8 Forms

Electronic solicitation and collection of Form W-8 forms

TAINA performs tax withholding rate calculations

Withholding rate calculations

Supports blended and breakout rate calculations

TAINA produces advanced audit trails for reporting and audits

Advanced Audit Trail

High quality data for audits and information reporting

TAINA collects and validates online w-series forms

Online W-8 Forms

Electronic solicitation and collection of Form W-8 forms

TAINA performs tax withholding rate calculations

Withholding rate calculations

Supports blended and breakout rate calculations

TAINA produces advanced audit trails for reporting and audits

Advanced Audit Trail

High quality data for audits and information reporting

Superior customer and investor experience

Automate your tax document collection and validation with our online customer and investor  that is providing real value for business.

How's TAINA Different?

+85%

Reduction in Rejection Rates

+63%

Faster form completion

+85%

Reduction in Rejection Rates

+63%

Faster form completion

Perform Efficient and Reliable Review And Remediation

Streamline your validation and remediation process for teams that are unfamiliar with tax rules with an automated tax operations validation portal. Perform multi-level review with a built in workflow and process scanned forms with our the best-in class OCR for fast and reliable review.

TAINA allows your tax operations to perform efficient and reliable review and remediation

Minimize exposure of under withholding

Calculate and evaluate tax withholding rates with our integrated withholdings rates engine. Identify valid exemptions or treaty reduction to provide applicable withholding rates to w-forms  Integrated with our intermediary tool to view withholding rates in a graphical tree structure.

TAINA minimizes your exposure of under withholding

Fully Automated Tax Operations

Reduce risk and saves cost with a more efficient and cost effective validation process.

How's TAINA Different?

+75%

Faster Validation

+84%

Cost saving per form

+98%

OCR Typed Character Accuracy

+75%

Faster Validation

+84%

Cost saving per form

+98%

OCR Typed Character Accuracy

Build and Validate Intermediary Trees

Build and visualize complex intermediary structures into user-friendly structure charts up to 100 layers deep using our  W-8IMY allocation statement functionality. Include all key information and withholding rates when integrated with our withholding rates module.

TAINA Intermediary tool builds and validates intermediary structures

Mitigate risk of failure under IRS Audit

Reduce your risk of fines by ensuring you can prove compliance with a robust and detailed audit trail. Track and store a record of all forms validated through the system including any corrections made by users with our integrated audit portal.

TAINA mitigate your risk of failure under IRS audit with a robust audit trail

Useful Resources

To find out more about how TAINA's fully automated FATCA and CRS Validation platform is adding value to payment service vendors, check out these useful resources.

Request a demo

Request a personalised demo of the TAINA Validation Platform

Assess how TAINA's Platform may be able to add value to your particular processes. Our experts will listen to your concerns and pain points, take onboard your process and then guide you through how our platform may be able to help.

Schedule a demo to:

  • Assess the TAINA’s suitability and value add to your current processes
  • Receive short overview and expert level decks
  • Receive expert advice and answers to your questions and concerns
  • Hear more about hosting and integration arrangements