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VAT Add-on for use with SAP
Simply the best SAP Add-on solution to overcome pitfalls and shortcomings within SAP’s VAT determination and reporting logic. During Big4 software vendor selections Taxmarc™ has been selected various...
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Change company’s indirect tax culture for the better
Customer satisfaction is achieved by managing the expectations and relationships of internal customers, tax authorities, external auditors and other stakeholders. To evaluate your role in customer...
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Soft skills are the key differentiator
For a long time, the indirect tax profession has been an individual sport. Due to changes in the tax market and in client needs, the tax profession has evolved into more of a team sport. What has...
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No external software, no interfacing and low maintenance
The standard VAT functionality of SAP is far from optimal. Partly due to this reason SAP offers a certain degree of flexibility within the system, which enables users to apply adjustments in order to...
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Is it wise to have Stevie in the driver’s seat?
A Ferrari is a beautiful, very fast and a state of the art car, but we should not put Stevie Wonder in the driver seat. He is an excellent song writer and performer but he never ever will be the next...
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Taxmarc™: gain real hindsight, insight and foresight
Only Taxmarc™ has the SAP expertise and analytics skills turning real-time accessible information into useful and actionable insights. Why? Via Taxmarc™ Tax Engine all VAT relevant transactional data...
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Virtual personal assistant answers tax questions
Non-traditional competitors are entering the tax service provider market and capturing market share. Will technological innovation get an extra boost? What can we expect next? Will a virtual personal...
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Our premium SAP add-on package for VAT
No interface, no external software and low maintenance It really takes a maximum of only 4 extra SAP tables to get our SAP add-on solution(s) up and running Our premium package Taxmarc™ Tax Engine is...
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Is there a time limit on being bulletproof?
On June 2014, the European Commission said it had opened three in-depth investigations into tax decisions affecting Apple, Starbucks and Fiat Finance and Trade in Ireland, the Netherlands and...
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Narrative of Taxmarc™ Packages and Features
The narrative that can be downloaded below provides an overview of our features and packages and explains how we solve the real problem and not only symptoms, where Taxmarc™ differentiates and how we...
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Is being fully VAT compliant a realistic goal?
Quite simply, setting realistic objectives is the starting point for any successful change effort: is being fully VAT compliant a realistic goal? Effectiveness is the degree to which an organization...
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Indirect tax strategy plan: example for 2 – 5 years
Below template can be used by the indirect tax function for setting objectives. Allocate realistic amount of hours to specific tasks that are considered a high priority for the coming years...
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Premium package: SAP add-on for VAT
Taxmarc™ developed various packages to satisfy various client needs based on the VAT/GST complexity of their business model. The variety of packages facilitate optimum client flexibility. It is...
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Start-up package: SAP add-on for VAT
No interface or external software Taxmarc™ developed various packages to satisfy various client needs based on the VAT/GST complexity of their business model. The variety of packages facilitate optimum...
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Import and Export indicator for chain transactions
In chain transactions with non EU countries the correct VAT treatment depends on which party is acting as importer or exporter of records. Additional data have to be used to either default the party...
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Translate indirect tax knowledge into a workable business process
The global tax environment is in a state of fast change. A shift to indirect taxes represents the global trend. Driving Indirect Tax Management therefore becomes more and more important. The key to...
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High level comparison between LRD, Commissionaire and Agent
If the reason of a business model change is to optimize company’s effective tax rate (tax opportunities), minimizing cash tax effect or cost reduction or realize efficiency overall such standardizing...
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Phenix Consulting: new solutions to optimize SAP
Phenix Consulting is a company led by 6 partners and a team of around 30 employees who have strong international business and working experience in SAP environments. Our main business focus is to...
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Our premium SAP add-on package for VAT
No interface, no external software and low maintenance It really takes a maximum of only 4 extra SAP tables to get our SAP add-on solution(s) up and running Our premium package Taxmarc™ Tax Engine is...
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VAT/GST Control framework: becoming a business control tool
Written by Ferry Geertman and Sasha Savic In the articles “VAT Control Framework“, “Auditing your VAT Control Framework” and “Function Effectiveness Toolkit“, an introduction and methods were provided...
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