Overcoming the Compliance Challenges of VAT Remittance 12 April 2016 15:55 to 16:30 (CEST)
Presenters Nicole Jupin Vertex Inc. Senior Solutions Manager David Rossing Vertex Inc. Senior Tax Solutions Engineer, Research Matthew Crow Vertex Inc. Enterprise Software Architect Stephanie Nowak Vertex Inc. Global Client Leader Follow us at #VertexExchange 2
Presenters Alex Baulf Grant Thornton UK LLP Associate Director Follow us at #VertexExchange 3
Objectives Upon completion of the session, you will be able to: Understand what is included in Vertex Indirect Tax Returns as well as what is included in the Roadmap Understand how to review country Returns and Filing Reports Understand what Sources can be used to import data into Vertex Indirect Tax Returns Understand all of the methods available to Import transactional data into Vertex Indirect Tax Returns Understand future Mapping functionality to be introduced in Vertex Indirect Tax Returns Follow us at #VertexExchange 4
Product Overview
Product Overview Vertex Indirect Tax Returns Product Mature and stable product Frequent content updates Easy to use Desktop User Interface Integrates with Vertex Indirect Tax O Series for VAT Allows import from Native Calculations in SAP and Oracle North America and Global Modes The existing application supports Sales and Use Tax remittance for North America as well as VAT for Global use Follow us at #VertexExchange 6
Supported Content Argentina Australia Austria* Belgium Bulgaria Costa Rica Czech Republic (w/control Statement) Denmark Equatorial Guinea Estonia Finland France Germany* * Annual and periodic returns Ghana Greece Hungary Ireland* Italy Japan Kenya Lithuania Luxembourg* Mexico (w/diot) Morocco Netherlands New Zealand Nigeria Norway Panama Poland Portugal* Romania Singapore Slovenia South Africa South Korea Spain* (w/340) Sweden Switzerland United Kingdom Follow us at #VertexExchange 7
Content Roadmap New countries added through quarterly updates Additional information reports and returns e-file capabilities planned for 2017 Planned rollout of mandated countries Additional enhancements driven by customers Early adopter feedback Follow us at #VertexExchange 8
Roadmap Chile Colombia Croatia Cyprus Dominican Republic Egypt Indonesia Latvia Malaysia Malta Peru Philippines Russia Slovakia Taiwan Thailand Turkey Ukraine Venezuela Vietnam Follow us at #VertexExchange 9
Product Architecture Continuous monthly updates to the application Client Server desktop based application API option available, all functionality available via web services High performance SQL Server database Support for minimum of 1 million transactions per country per month Flexible multi-country deployment supported through Citrix virtualization Follow us at #VertexExchange 10
Country Returns and Filing Reports
Czech Republic Report Selection Follow us at #VertexExchange 12
Preview Czech Republic Return Follow us at #VertexExchange 13
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Preview Czech Republic Intrastat Follow us at #VertexExchange 15
Ability to Change Language Follow us at #VertexExchange 16
Sources for Transactional Data
Where Can My Data Come From? Vertex O Series SAP Oracle Any other source Follow us at #VertexExchange 18
O Series VAT Returns Export Follow us at #VertexExchange 19
SAP Extract SAP includes initial process to export records to a custom table Follow us at #VertexExchange 20
SAP Extract Ability to display transactions before exporting data to custom tables Follow us at #VertexExchange 21
SAP Extract Extract that pulls from the custom table and used for Returns Follow us at #VertexExchange 22
Oracle Extract Follow us at #VertexExchange 23
Import Options
What Import Options are Available? Vertex O Series Import Flexi Import Follow us at #VertexExchange 25
Vertex O Series Import Follow us at #VertexExchange 26
Flexi Import Follow us at #VertexExchange 27
Mapping Functionality 28
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Summary Vertex Indirect Tax O Series for VAT integration Data flows directly from Vertex O Series, into Vertex Returns to generate remittance output Easy to use Returns application From setup, to import to generate returns can be as simple as 1, 2, 3... Flexible product setup options Multi-language support Accepts data from Multiple Sources Vertex O Series SAP Oracle Follow us at #VertexExchange 32
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