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Duration, contract type and surcharges are just a few of the unique factors and challenges facing your tax compliance efforts where vehicle or equipment lease taxes are concerned. Vertex has developed a comprehensive solution to help you manage these unique needs in one easy to use automated system.

Taxability Determination Built for Vehicle and Equipment Leasing and Rentals

Vertex Lease Tax O Series leverages an intuitive product hierarchy to help easily map to your product identifiers within your billing system.

Vertex Lease Tax O Series Features

• Intuitive taxability setup through Vertex supplied or user-defined tax rules
• Sales tax calculation logic for short and long term vehicle leases/rentals
• Product categories supporting standard and non-standard rules, rates, surcharges and fees for the equipment and vehicle leasing industries
• Capacity to apply or create appropriate rules for a variety of leases
• Ability to return to the calling program multiple impositions of taxes, fees and surcharges for lease or rental transactions involving motor vehicles
• Enhanced jurisdiction identification capabilities that recognize taxing districts in unincorporated areas in addition to standard state, county and city data

Vertex Lease Tax O Series Benefits

• Audit trails supporting all tax decisions
• Role-based security to help comply with Sarbanes-Oxley
• Customized reporting solutions for meaningful and proactive data analysis
• Simplified Java API integration with the financial system using XML for standard data exchange
• Flexible deployment options for a full range of environments including web services

Learn more about the Vertex Transaction Processing System, the common platform for all transaction-based O Series tax calculation products.

Learn more about Vertex Lease Tax O Series here.

Please submit a Product Inquiry form to learn more about Vertex Sales Tax O Series or call us at 800.355.3500.