Buy-to-Pay (B2P)

Now live, AdobeSign for TSM!

July 15, 2021
  • "What”: An eSignature mechanism is now available to suppliers in Supplier Portal.
  • “When”: Beginning Monday 7/19
  • “Where”: TSM, also known as Harvard’s Supplier Portal
  • “Why”: This improves the efficiency of supplier W-9 & W-8 tax form submissions by allowing for a paperless, electronic signature - no need to print or scan.... Read more about Now live, AdobeSign for TSM!

Buy-to-Pay Tax Review Process for Non-US Based Foreign Entities

May 13, 2021

Income paid to foreign entities, such as royalties, patents, copyrights, rents, and personal services, generally can trigger a statutory tax withholding of 30% when the income is considered U.S. sourced. All payments processed to foreign entities require a tax review. Foreign entities may begin to incur tax withholding on payments that historically did not trigger taxes. A valid W-8 can possibly reduce or exempt tax withholdings, if eligible, and the valid claim has been made with Harvard before payment has been processed.... Read more about Buy-to-Pay Tax Review Process for Non-US Based Foreign Entities