"Vertex announced its new Vertex Tax Links integration for Mirakl, the enterprise SaaS platform that powers over 300 online marketplaces. As a result, customers using the Mirakl Marketplace Platform can more easily comply with new VAT EU e-commerce regulations and continue to expand their marketplace businesses with confidence.
Mirakl is used by the world’s most trusted brands to unlock the power of the platform business model. The company enables B2B and B2C multinational enterprises to launch and scale marketplaces quickly.
With this new integration, Vertex joins the rapidly growing Mirakl Connect ecosystem providing Mirakl-powered Marketplace operators with an enterprise solution for global tax management, compliance and reporting. Combined with the existing integration to the Mirakl platform for sales and use tax, Vertex now offers global end-to-end tax solutions for Mirakl customers.
As new value-added tax (VAT) rules for e-commerce transactions take effect on July 1, 2021, this integration will help companies remotely selling and supplying intra-European Union goods by enabling them to seamlessly calculate tax using Vertex Indirect Tax O Series. Vertex Tax Links for the Mirakl Marketplace Platform enables customers to automate global VAT determination, reducing the risk of audits and penalties due to inaccurate remittance. "
The European Union’s “VAT in the Digital Age” (ViDA) initiative is set to reshape the VAT compliance system across member states. At the core of this initiative is the transition to mandatory B2B electronic invoicing, alongside real-time reporting requirements.
For businesses, these changes bring both challenges and opportunities, requiring organizations to adapt their systems, processes, and strategies to remain compliant while also unlocking new efficiencies in their operations.
Get practical guidance on stabilising your France e-invoicing setup, preparing for future e-reporting and e-invoicing mandates.
Since France’s e-invoicing mandate was implemented, the focus for finance and IT teams has shifted from meeting the deadline to resolving operational issues and strengthening processes.
Join Gonçalo Ladeira Dias and Patricia Rocha Jordan for a 45-minute interactive clinic in which they’ll share lessons from the first live implementations, discuss common pitfalls and answer your questions about e-invoicing and e-reporting in France.
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Leading Solutions for Value Added Tax
VAT determination is no easy feat. To lighten the time, costs, and resources used for these global challenges, companies are turning to tax automation.