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ONESOURCE Indirect Tax
Cut your VAT compliance risks
Be VAT compliant with speed and accuracy
VAT management and reporting can be a challenge for any business.
This is particularly the case when resources are limited, and the existing IT architecture is not fit for purpose, especially in the GCC.
If you feel that slow manual processes and IT issues are holding back your VAT compliance capabilities, we can help you to introduce an automation solution that reduces cost, errors and risks.
In a few short weeks, Thomson Reuters can help you to set up your business to manage VAT with ease and confidence.
Contact us to find out how we can help by filing out the form.
Did you know?
THOMSON REUTERS ONESOURCE INDIRECT TAX SOLUTION IS CERTIFIED BY THE UAE FEDERAL TAX AUTHORITY
Benefits of using ONESOURCE Indirect Tax
ONESOURCE Indirect Tax eliminates manual, time-consuming transaction processes and reduces the reliance on key team members understanding the VAT compliance process.
Automation tools offer the potential to focus on planning and adding value, and add a robust case for taking ‘reasonable care’ in the care of errors associated with over or under assessing tax.
Proactive supply chain management helps reduce internal resourcing requirements and expedites returns by cutting expensive compliance costs, potential penalties and interest.
Robust reporting tool that includes built-in, customizable reports and signature-ready returns that are fully integrated for reconciliation, tax return preparation and audit defense.
Certified and fully supported integrations to Oracle and SAP, as well as other ERP financial, billing and eCommerce systems through pre-built and custom integrations.
Eliminate tax professionals dependency on IT to control our company’s tax policy updates. No re-configuration of the financial system necessary or major IT involvement required for integration.
Key features
Unparalleled versatility and reliability of the industry’s only patented sales, use and value-added tax determination engine.
Automatic tax rate updates for more than 16,000 tax authorities globally, backed by an internal team of tax research experts who are constantly monitoring global tax law changes, the ONESOURCE Indirect tax team supports determination in 177 countries.
Real-time sales, use and value-added tax calculations securely and seamlessly delivered back to your financial system.
Specific taxability codes can be mapped to millions of products and services with the click of a mouse.
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