Some clients will require that you use LEDES 98BI format. 98BI is required if the client has Brightflag's tax engine switched on, enabling them to capture tax rates and codes for all jurisdictions.
However, in certain regions, taxes are not applicable. Here is how to handle the tax-related fields in a 98BI file for a tax-exempt invoice:
CLIENT_TAX_ID: not required on Brightflag
LINE_ITEM_TAX_RATE: input a zero value here
LINE_ITEM_TAX_TOTAL: input a zero value here
LINE_ITEM_TAX_TYPE: To find the correct Tax type for the jurisdiction, follow the steps here.
INVOICE_REPORTED_TAX_TOTAL: input a zero value here
INVOICE_TAX_CURRENCY: the 3-letter currency code on the invoice (USD, EUR, GBP, etc.)
LAW_FIRM_COUNTRY: This is the value used to select your tax Jurisdiction.
CLIENT_COUNTRY: Input the country code here, e.g. US.
For a step-by-step guide to submitting a LEDES invoice, click here.
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