The market’s only tax engine & reporting application VATCalc offers the first and only single application with full global VAT engine calculations and returns preparation. VATCalc’s is uniquely built on national tax legislation, the EU VAT Directive and OECD VAT Guidelines. It is used by
Automation of VAT & GST determination vital in live e-invoicing sphere Tax authorities will soon know businesses’ VAT and GST obligations before their CFO thanks to global real-time e-invoicing mandates. This means the traditional option of validating and correcting invoices in the period between month
Artificial Intelligence automating optimising tax code mapping in tax engines and ERP’s Tax codes, short digit and numeric codes, provide the information tax engines, ERP’s or accounting systems need to correctly identify the right VAT, GST or sales tax rates and reporting for any transaction.
Simplified Triangulation – What if middleman / intermediary party has VAT number in other states? Who is responsible for transport? Triangulation still permitted? For businesses with complex cross-border chain supplies and ‘middleman’ or intermediary parties, Triangulation is a useful simplification to reduce the numbers of
Low-cost VAT determination no longer needs a big ERP upgrade or expensive tax engine Ask yourself these questions: Does your business have a major global footprint –with complex cross-border transactions and supply chains? Is this crushing your ERP and resulting in hundreds of hours of
Native ERPs struggle with VAT and GST calculations – is a tax engine or Add-on the answer? Accounting software, including Enterprise Resource Planning (ERP), invoicing or marketplace platforms generally struggle with cross-border VAT. The risk is delays in invoice payments, input VAT being deemed irrecoverable
2025 removal of cash element of VAT from B2B domestic construction services to fight fraud Greece’s Ministry of Finance is proposing in its 2025 Budget to adopt Article 199 of the EU VAT Directive for the VAT Act, which mandates the shift of VAT compliance
How we ended the expense and frustration of full tax determination Making tax engines affordable for the mid-market as well as enterprise businesses Heard about or lived the agony of expensive and protracted VAT or GST tax engine implementations from the traditional providers? Bugs, manual
Tax Engines are essential as tax authorities move to e-invoicing & live reporting. And they no longer need to be expensive or excruciating to implement A ‘tax engine’ is a specialist software application used to calculate the correct VAT, GST or sales tax on a
