Describe why you require Personally Identifiable Information to build your application or feature
In the Tax Remittance use case, we require Personally Identifiable Information (PII) to ensure accurate and timely reporting of tax payments to government authorities.
To address the specific prompts provided:
- We require PII to identify the relevant tax jurisdictions and applicable tax rates. While the Seller Central Tax Settings provide some configuration options, they may not cover all the jurisdictions or rates we need to comply with.
- We confirm the reliability of our tax calculation through rigorous testing and validation processes. Our calculations are also regularly reviewed and audited by accounting and tax experts to ensure they meet government reporting standards.
- The tax reports we generate include PII such as the seller's legal name, tax identification number, and the amount of taxes paid in each jurisdiction. This information is necessary for compliance with government tax reporting requirements.
I hope this answers your question. Let me know if you have any further queries.