Streamline and automate VAT/GST filing reports and returns to improve compliance and audit performance.
A manual spreadsheet approach to VAT reporting is labour-intensive, error-prone, and costly. Keeping up with the latest regulatory changes is challenging at best, and the effort required to support business expansion can hinder a company’s agility to respond to market opportunity.
Vertex VAT Compliance enables multi-national corporations to support business growth without additional VAT/GST process burden. The application streamlines and automates multi-country VAT/GST reports and returns, improves data quality, and keeps the business in line with the latest regulatory changes. It also supports the growing digitalisation mandate around the world, including UK-MTD (Making Tax Digital), Spain SII, and Hungary RTR.
Generate signature-ready multi-language VAT/GST returns and reports (including EU Intrastats, ESLs, and VAT SAF-T) for 49 countries in Europe, Latin America, Asia, Africa; VAT e-file formats for 12 countries; UK-MTD requirements (Making Tax Digital); and real-time reporting for Spain and Hungary. New and updated content added monthly. Easily scale to support new countries.
Automatically import transaction data from multiple sources -- ERPs, tax determination engine, or other sources -- and map data directly to the returns. Assign role-based access to functional areas of the compliance environment for improved control across the compliance team.
Run automated transactional tax data validations on imported files to enhance data quality and accuracy prior to return prep. Run standard report-level quality checks to validate the output prior to filing. Generate reports for a detailed audit trail of all data changes made.
View full transparency and auditability of all VAT/GST data and adjustments through drilldown capability from the return to transaction-level data. Edit or add data prior to filing, with complete version control. Access audit event logs and detailed archives to support audit prep.
Workflow tools, dashboards, and reports allow users and management to visualise and track progress across the end-to-end compliance process — from filing preparation to approvals to submissions.
Leverage our fully integrated end-to-end solution for VAT determination, compliance, data integrity, and audit prep. Improve efficiency and reduce audit risk across your VAT/GST operations.
Product Details: Vertex VAT Compliance
Balancing the 2 Sides of VAT Compliance
Streamline indirect tax management with deep, proven tax content and software built to scale.
A tax-specific solution for the data validation, analysis, and transformation steps that are required to properly support the indirect tax compliance process.
An API-based solution for automated validation of business tax IDs.
An API-based solution for tax-compliant invoicing to support global growth.
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