Vertex announced the availability of its Vertex® Cloud VAT Compliance solution with advanced features that support the changing tax environment across Europe and other countries that require the digitalization of value-added tax (VAT) and goods and services tax (GST). The solution centralizes and streamlines compliance as companies enter new territories and indirect tax filings become more complex.
The advanced VAT compliance solution features integrated customizable rule-based data quality and validation tools, as well as workflow automation that maximizes data and return accuracy and minimizes risk of liability. Signature-ready returns and reports have been expanded for countries in Europe, Latin America, Asia, and Africa; and evolving VAT legislation including One Stop Shop (OSS), as well as real-time reporting.
“We value the co-innovation approach that Vertex has taken. We believe our collaboration with the Vertex product team will ensure a truly customer-oriented solution that enables multinational companies to meet VAT compliance requirements, with features like workflow automation and data validation that will help us grow with confidence,” said National Instruments Indirect Tax Manager Marina Jukic.