Tag Archives: VAT for SAP

Equip SAP with automated VAT Controls

Standard SAP VAT determination logic and functionality for VAT determination does not work for complex dynamic business models (e.g. Principal-Toller-Agent model) with for example multiple VAT registrations, pick up and drop shipments, chain transactions between legal entities (ABC / ABCD … Continue reading

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No external software, no interfacing and low maintenance

The standard VAT functionality of SAP is far from optimal. Partly due to this reason SAP offers a certain degree of flexibility within the system, which enables users to apply adjustments in order to customize SAP for their organization. Previously … Continue reading

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Automating complex VAT flows in SAP

If the aim of your organization is full VAT automation of AP and AR, it is important to understand what exactly makes standard SAP not functioning optimally from an Indirect Tax perspective. Only then it is possible to validate whether … Continue reading

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Renaming exercise of tax codes via System Landscape Optimization

One of SAP’s offerings are SLO (System Landscape Optimization) projects. For indirect tax that could mean a renaming exercise of tax codes – SLO renaming project – to set up a more logical tax code structure in which the different … Continue reading

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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

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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