Update Account’s Tax Exemption

The UpdateAccountTaxExemption API in OCS.io allows for updating the tax exemption status of an account, ensuring compliance with tax regulations and providing flexibility for tax-related adjustments.

API Overview

Fields Required for Updating Account’s Tax Exemption

The following table lists and describes the fields required to update an account’s tax exemption through the UpdateAccountTaxExemption API:

Field Description

account

ID (Ref ID / External ID) of the Account.

taxExemption

Indicates whether Account is subject to Tax exemption.

taxResidence

Tax Residence or the Payment Responsible Account.
Detailed API documentation and endpoint specifics are available here.

Request Validations

The following validations are performed when updating an account’s tax exemption:

  • Account must be provided in the request, it must be already created in the system and must not be in Deactivated State.

Update Account’s Tax Exemption Example

Use the following request’s body to update an account’s tax exemption:

{
  "requestId": "{{$guid}}",
  "account": {
    "externalId": "account_external_id"
  },
  "taxExemption": true,
  "taxResidence": "tax_residence"
}

The outcome of the API call is as follows:

  • It is validated that the account with External ID account_external_id exists.

  • The account’s tax exemption status is updated as per the provided values.