Find the best VAT
automation solution
Features
Automation of the company’s indirect taxation management
Correct parametrisation of the company’s ERP will facilitate greater automation of the management of any indirect national and international taxation obligations derived from its operations
Service details
In such cases, the adequate management of a wide range of formal obligations within different jurisdictions can prove rather challenging, and in the majority of cases companies will end up resorting to all or some of the following options:
Requesting support from external professionals in their dealings with some or all of the jurisdictions involved, often opting to outsource compliance with their global tax obligations.
Increasing the level of automation of their global VAT obligation management routines. This task may be performed by the company’s internal IT department, ideally in conjunction with specialised professionals, and it may be necessary for companies to:
- Improve their own information system (ERP), through:
- Improving their ERP parametrisation,
- Developing native solutions,
- Implementing the existing bolt-on solutions in the market
- Resort to non-native external solutions for the automation of VAT obligations (so-called “tax engines”).
Our multidisciplinary team, which is formed by a member of our firm specialising in indirect taxation and an expert from our technological partner, the Dutch firm TYTHO, work in conjunction with the company’s IT Department or its external IT service provider to select and implement the chosen VAT automation solution.
My company already has an IT department. How can it benefit from IVA Consulta’s support in the automation of VAT management?
Enlisting the support of specialists who can deal with IT problems related to the automation process and resolve international VAT problems is key when analysing the variables that may affect the different options for improving the level of automation of VAT management, when identifying the options that best meet the company’s needs, and when implementing the selected option.
Here atIVA Consulta our multidisciplinary team, which is formed by a member of our firm specialising in indirect taxation and an expert from our technological partner, the Dutch firm TYTHO, work in conjunction with the company’s IT Department or its external IT service provider to select and implement the chosen VAT automation solution.
Is VAT automation a costly procedure?
We tailor the scope of our services to our clients’ needs and budgets, and where necessary, the work can be done in stages. The scope of the services will depend on the material to be covered and our level of involvement, which may be limited to supervision and one-off follow up visits, or we can take on responsibility for the whole project if required.
In any case before commencing a project, we will present our service proposal to the client to approve the scope, time frame, work team and fees.
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