Vertex, Inc., the leading provider of tax technology and services, and Deloitte Brazil today announced the expansion of their strategic partnership to provide comprehensive tax management support to global corporations operating in Brazil.
Brazil’s Public Digital Bookkeeping System, which provides tax authorities with visibility into commercial transactions, presents a challenge to global corporations that need to meet complex local fiscal obligations. These requirements, coupled with the complexity and frequent changes in Brazilian tax systems, makes automated tax data management technology essential.
"Deloitte understands the relevance and importance for their clients in the integration between the management of taxes and technologies," says Cristina Berry, lead partner of Deloitte Brazil’s Tax Advisory practice. "The alliance formed with Vertex helps companies to understand the tax environment, highly complex and variable, as well as the Brazilian tax legislation, which is in constant change. Vertex's eminence in tax technology combined with Deloitte’s expertise in closely monitoring the specificities and dynamics of the Brazilian tax system are differentials that complement each other for the provision of services to the market."
Vertex has worked with Deloitte’s Tax Advisory practice for more than 20 years on the joint development of complex tax software and the implementation of related products. The companies are broadening this successful partnership and leveraging their expertise to help corporations operating in Brazil reduce tax risk and prevent tax penalties resulting from inconsistencies or miscalculations.
"Vertex has developed its solutions to simplify taxation for all of its clients. For those operating in locations around the world, the ability to trust that their tax needs are accurately addressed allows them to focus on growing and improving their business,” said Fernando Silva, director of partnerships for Vertex in Brazil. "Deloitte’s expert tax advisory professionals can maximize the benefits of our indirect tax solution, the most advanced tax technology available to serve the Brazilian marketplace."
The Vertex Indirect Tax O Series solution aligns itself with the specialties of Deloitte’s Tax Services practice, supporting global clients that need to calculate indirect taxes for goods and services in three levels of jurisdictions, Federal, State and Municipal in each of the 26 states.
Deloitte provides audit, consulting, financial advisory, risk advisory, tax and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally connected network of member firms in more than 150 countries bringing world-class capabilities, insights, and high-quality service to address clients’ most complex business challenges. To learn more about how Deloitte’s approximately 245,000 professionals make an impact that matters, please connect with us on Facebook, LinkedIn, or Twitter.
Since 1978, Vertex, Inc., has been a leading provider of tax technology and services, enabling companies of all sizes to realize the full strategic potential of the tax function by automating and integrating tax processes, while leveraging advanced and predictive analytics of tax data. Vertex provides cloud-based and on-premise solutions that can be tailored to specific industries for every major line of tax, including income, sales and consumer use, value added and payroll. Headquartered in Pennsylvania, and with offices worldwide, Vertex is a privately held company that employs over 900 professionals and serves companies across the globe.