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What is the purpose of the Tax Status Certificate?

Posted: Tue Jan 07, 2025 6:01 am
by asimd23
The Tax Status Certificate is used to accurately share tax data with third parties. In the case of salaried individuals, it allows the employer to correctly generate the payroll receipt following the rules for digital invoices.

On the other hand, the Tax Status Certificate of a legal entity ―or company― serves so that suppliers can validate their information when requesting invoices and know their status in the SAT registry.

Banks also require it to open business cayman islands phone data accounts or for various basic procedures, such as signing the lease of a commercial premises or offices.

Read more: What happens if I don't declare to the SAT? Consequences for your brand

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