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Tel. +31 (0)23 711 3670
info@vatresource.com
Partners
VAT Resource is proud to be prefered partners with Vertex Inc. USA. Vertex has taken the lead in VAT Automation with the launch of Vertex Value Added Tax O Series.
Vertex® Value Added Tax O Series®
With capabilities to calculate tax for international transactions, Vertex VAT O Series can help businesses effectively manage the complexities associated with VAT compliance.
Because many U.S.-based businesses open overseas subsidiaries that handle VAT compliance, the complexity of managing VAT is often compounded. When you factor in the disparate technologies between divisions, varying rates and rules from country to country, and infrequent communication among entities, many businesses may be unknowingly exposing themselves to penalties for improper VAT compliance.
VAT Just Got Easier
Vertex VAT O Series can accurately analyze the transaction data provided by a financial system, recognize the pertinent facts of the transaction, determine which jurisdiction has domain over the transaction, and whether the buyer or seller has to account for VAT on the transaction. The system will then calculate tax based on Vertex-supplied or user-defined rate and rule taxability data, return the tax calculated to the financial application, and record the information in a tax journal for future use in reports, returns preparation, or audit documentation.
Internal logic within Vertex VAT O Series can help your business manage:
- Place of supply regulations
- Acquisitions and dispatches
- Shipping terms
- Import VAT
- Export sales
Flexible Architecture
By providing businesses with a centralized system to update and maintain VAT information on a global scale, we can help you reduce total cost of ownership. But, if centralized VAT processes is not what your business is seeking, the architecture of Vertex Value Added Tax O Series lets you tailor your deployment according to your various operating environments. Regardless of which option works best for your business, this type of flexibility enables Vertex to help you reduce the costs associated with your VAT compliance processes.
A Suite of Innovation
Combined with Vertex’s solutions for sales tax and consumer use tax, Vertex Value Added Tax O Series enables you to process all relevant transaction taxes using a single processing engine, the Transaction Processing System (TPS). By applying Internet technologies such as Java, HTML, XML and SOAP, TPS provides greater deployment and integration flexibility, ultimately improving efficiency and reducing the cost of processing taxes for businesses large and small.

