Tag Archives: VAT

Where you are and where you want to go

Benchmark information, templates, modules and approaches are shared to support VAT process improvements and meet business objectives The global tax environment is changing rapidly. How do you anticipate, prepare for and manage these changes? The thought leadership publications on the GITM website could support but also … Continue reading

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Eight out of ten businesses still using spreadsheets for VAT compliance

More than 80% of businesses are still using spreadsheets to manage their VAT compliance in at least one jurisdiction in which they operate, despite tax authorities around the world investing in better tools. (International Tax Review by Avalara as part of … Continue reading

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Benchmark your VAT control framework

Benchmark information, templates, modules and approaches are shared to support VAT process improvements and meet business objectives The added value of benchmarking the VAT function against best practices in the market is to gain objective evidence to what has already … Continue reading

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Learning Lab: ‘cross border movements in SAP’

We hosted the Learning Lab of the sharedserviceslink Conference – VAT compliance through SAP Control – in London November 19-21, 2014 on the topic ‘cross border movements in SAP’.  The objective was to facilitate and share knowledge on SAP and … 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

Conceptual thinking

Every feature developed by Taxmarc™ improves indirect tax performance of SAP in a specific area. For example the time stamped tax code solution prevents that a company ever runs out of tax codes. During our design phase the performance should … Continue reading

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Realizing it all

Our features realize automated VAT determination based on real time data for incoming and outgoing invoices even for the most complex transactions. Because the decision tree of Taxmarc™ is integrated in SAP as part of the Tax Control Framework, SAP … Continue reading

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Standard SAP: VAT relevant transactions from simple to complex

Standard SAP VAT determination logic and functionality do not work for complex dynamic business models. The root cause is that both Standard SAP and bold-on tax engines exclusively focus on transactions within a single company; it only assesses the underlying … 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™ 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

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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

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