International Supplier Payment

International Suppliers-

Payments Routed to a US bank account –

• All payments go through Bill.com. Our accounting team will send you an invitation to connect with Bill.com if you are not already set up with them.

Payments Routed to an International bank account (Non-US currency)-

• International Payment with Homeroots Flow Through Payoneer.

Payoneer handles tax-related matters for foreign suppliers by automating the collection of essential tax documents and providing integrated tools for reporting and VAT compliance. 

Automated Tax Form Collection
Payoneer provides a guided self-service portal that automates the collection and verification of tax forms required by the IRS: 

• Form W-8BEN/W-8BEN-E: Payoneer uses a Tax Form Wizard to help foreign individuals and entities certify their non-U.S. status.
• Form 1042-S: The platform manages 1042-S reporting for payments made to foreign contractors for services performed within the U.S..
• Compliance Archiving: All collected forms are archived to ensure your business remains audit-ready for the IRS. 

International VAT Management 
For suppliers based in the EU or UK, Payoneer offers dedicated services to simplify Value Added Tax (VAT) obligations: 

• Direct VAT Payments: Users can pay VAT authorities directly from their Payoneer balance in multiple currencies without transfer fees.
• Fiscal Representative Support: The platform allows for payments to fiscal representatives in countries with complex tax flows like France, Italy, and Spain. 

Reporting Responsibilities
While Payoneer facilitates the payment, the underlying tax obligations vary based on where the work is performed: 

• Work Outside the U.S.: Generally, U.S. companies do not need to issue a 1099 for services performed entirely outside the United States by a foreign person.
• U.S. Marketplace Sellers: For those selling into the U.S., Payoneer provides guidance on US sales tax and nexus registration