Tag Archives: control framework

No new VAT codes are required when VAT rate changes

Numerous multinational companies are facing issues with the SAP 2-character tax code design. In the event of rate changes, new tax codes will be required and because of the multiple recent VAT rate changes around the world some companies are … 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

VAT Add-on for use with SAP

Simply the best SAP Add-on solution to overcome pitfalls and shortcomings within SAP’s VAT determination and reporting logic. During Big4 software vendor selections Taxmarc™ has been selected various times as the ‘best’ SAP Add-on solution for automating the indirect tax … 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

Taxmarc™: Intrastat Module in SAP

Taxmarc™ has designed a optimum process that, combined with its VAT features, realizes the link between the VAT transactions and the Intrastat requirements. Only the relevant VAT transactions with an EU relevant tax code (EU sale or EU acquisition) will … 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

Taxmarc™ Purchase Engine: no interface or external software

The purchase engine combines the information from SAP purchase orders with the VAT relevant information from the purchase invoices, automates the VAT determination and verifies this VAT treatment real-time against the applicable fiscal requirements. This comes down to a tax … 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

This integrated SAP solution makes an external Tax Engine redundant

Taxmarc™ Tax Code Solution offers a new design for tax codes in SAP that resolves limitations of standard SAP, without changing the standard functionality of SAP. By using Taxmarc™ Tax Code Solution no new VAT codes in SAP are required when … 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

Taxmarc™ Tax Engine: no interface or hardcoding

Taxmarc™ Tax Engine enables – without interface or external software – a fully automated VAT determination of all sales and purchase transactions in SAP. Taxmarc™ Tax Engine incorporates VAT relevant data of all transactions, including chain transactions between legal entities in … 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