Category Archives: SAP for VAT

SAP and VAT simplified triangular

Triangulation is used to describe a ABC chain transaction, which involves three different parties where the products are shipped directly by party A to party C. Party B acts as intermediary, never physically receiving the products. A cross-border triangulation sale … Continue reading

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SAP Implementation for VAT

Written by Richard Cornelisse and Robbert Hoogeveen For nearly every company, the accuracy and efficiency of local-country VAT compliance is nearly completely dependent on the functionality of the underlying ERP system. Operational malfunctions in a system that is used to … Continue reading

Posted in Automating complex VAT flows in SAP, Control Framework, enhancement implementation, SAP add on, SAP enhancement point, SAP for VAT, SAP implementation, user exit, VAT automation, VAT Control | Leave a comment

Import and Export indicator for chain transactions

In chain transactions with non EU countries the correct VAT treatment depends on which party is acting as importer or exporter of records. Additional data have to be used to either default the party acting as importer or exporter of … Continue reading

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Premium package: SAP add-on for VAT

The Premium package contains all the features of the Standard Package functionality and has extra features for full automated VAT determination and automated VAT control for the sales transactions. The Premium package enables – without interface or external software – … Continue reading

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Standard Package: SAP add-on for VAT

The Standard package is primarily designed for companies that run medium complex business models. It offers a VAT compliant determination solution and does not only address the shortcomings in standard SAP VAT determination, but also ensures control of VAT with … Continue reading

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Taxmarc™: gain real hindsight, insight and foresight 

In Taxmarc™ Tax Engine all VAT relevant transactional data of legal entities operating on the same SAP platform could immediately be made visible and accessible, as this information is stored separately in one table in SAP. That means real-time insight … Continue reading

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Taxmarc™ VIES validation

Taxmarc™ can automatically check the VAT numbers when a VAT number is added to the customer master data. A real-time link to VIES is made to validate the entered VAT number. The client can choose to treat the result of … Continue reading

Posted in Automating complex VAT flows in SAP, Control Framework, enhancement implementation, SAP add on, SAP enhancement point, SAP for VAT, SAP implementation, user exit, VAT automation, VAT Control | Tagged , , , , , , , , , , , , , , , , , | Leave a comment