Product Details: Vertex for e-Commerce
Vertex for e-Commerce
Automated global tax calculations fit seamlessly into your online sales journey and provide a solid foundation for managing compliance requirements.
Automate online tax calculations
Vertex for e-Commerce automates online VAT, GST and U.S. sales tax calculations in real-time. Applying more accurate customer location determination and taxability rules across multiple countries and regions at point-of-sale, Vertex for e-Commerce provides in-depth reports which you can use to remit your own taxes where you have a tax obligation.
Vertex for e-Commerce will allow you to:
- Apply real-time customer location determination and apply the correct tax treatment and calculation
- One simple integration streamlines your tax management needs now and as you expand into new regions
- Minimise risk in keeping up to date with rapidly evolving international VAT/GST and U.S. sales tax rules.
- Produce tax reports for multiple tax authorities quickly and easily
Tax calculation for VAT/GST
Tax threshold monitoring
Know when you are approaching tax thresholds in new regions and need to register for tax. With our unique global dashboard, you can track your online sales against the tax threshold rules set by each region, giving visibility where you may need to register for tax.
Business tax number validation
Validate business tax numbers in real-time allowing your business to offer reverse charge (no VAT/GST charge) to business customers in countries that support the reverse charge rule.
Issue compliant invoicing across multiple tax jurisdictions, assisting you with adherence to specific country/region rules. From the most basic invoicing rules to the most complex, you’re covered.
Foreign exchange rate application
Every tax jurisdiction dictates which exchange rate source must be applied to invoices and reports and which time point to use (time of invoice, time of the transaction, or end of the reporting period). Vertex for e-Commerce provides a robust mechanism that allows you to source and apply the correct rate for every sale.
Real-time VAT/GST reporting
Country-by-country and multi-currency reporting give your business valuable insight through CSV reports and five main customer data-driven dashboards/views: a global dashboard, transaction report, refund report, tax settlement reports, and VIES & domestic reports for EU businesses.
Real-time customer location determination
Every time a customer goes through your online checkout, our unique solution determines the customer location in real-time and applies the correct VAT/GST treatment and calculation.
Optional filing and remittance service
You can add-on the optional Advantage Plus service for VAT/GST registration, report preparation, filing, and remittance* to tax authorities. You'll outsource the administrative work yet stay in control of compliance with full transparency of workflows and document approval from the Advantage user interface.
*where we provide filing service
Tax calculation for U.S. Sales Tax
Vertex O Series content
Vertex for e-Commerce leverages tax content from the industry-leading Vertex Indirect Tax O Series. Its robust sales tax content, updated monthly, improves the accuracy of U.S. sales tax calculations.
U.S. customer location determination
With U.S. sales set at local as well as state level, Vertex offers three levels of location determination: ZIP code, ZIP+4 and full address validation.
Tax exemption certificate support
Some U.S. businesses are exempt from paying sales tax and prove this using a state-issued tax exemption certificate. Vertex for e-Commerce allows you to capture exemption certificate numbers, apply zero rate to tax-exempt sales, and report on tax-exempt sales.
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