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IVA ConsultaIVA Consulta

Find the best VAT
automation solution

Features

Diagnosis
We analyse the standard transactions performed by the company in its international operations, the VAT implications of these transactions in the different countries involved, and the company’s management strategies in order to determine its automation needs.
Solution
We identify which of the existing VAT automation solutions (onesource, vertex, taxware, SAP add-on, etc.) best meets the needs of the company.
Implementation
Our multidisciplinary team, which is formed by a member of our firm specialising in indirect taxation and a member of our IT department specialising in VAT automation and IT system parametrisation, work in conjunction with the company’s IT Department or its external IT service provider to implement the recommendations from our diagnostic review.
Training
We support the company’s IT Department or external IT service provider by providing the necessary internal training to implement the adopted VAT automation solution.

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

(+34) 932 022 439
or write to us at info@ivaconsulta.com

Service details

WHY?

Resolving problems related to the management of VAT obligations can often prove a complex task. This may be the case for companies whose economic activities take place both in the EU and internationally, or for multinational companies that centralise their tax management.
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”).
It is important that the company is aware that, given the high number of variables involved in this process, successfully using any of the aforementioned options to improve the level of automation of the management of its VAT obligations will be hard to achieve without the support of a multidisciplinary team of specialised external professionals; this team can help its internal IT department, not only with the VAT automation process but also with other tax-related matters affecting the different jurisdictions in which it operates, given their bearing on the automation process.

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.

FAQ

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.