What are some TAX compliance solutions that support multiple-country tax regimes for large multi-national, complex organizations? Are there any other market-leading solutions that people have tried and that we could consider?

IT Strategy & Roadmap
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Finance Manager in Banking2 years ago

Managing tax compliance for large multinational organizations with complex operations across multiple countries can be a challenging task. To streamline and ensure compliance with various tax regimes, many organizations turn to specialized tax compliance solutions and software. Here are some tax compliance solutions that support multiple country tax regimes and are considered market leaders:

Thomson Reuters ONESOURCE:

ONESOURCE is a comprehensive tax technology platform that offers a range of tax compliance and reporting solutions. It can handle various tax types, including income tax, indirect tax, transfer pricing, and more. ONESOURCE is widely used by multinational corporations to automate tax processes and ensure compliance across jurisdictions.

Wolters Kluwer CCH Axcess Tax:

CCH Axcess Tax is a cloud-based tax compliance and workflow solution designed for large and mid-sized firms. It supports multiple country tax compliance, including income tax, sales tax, and more. It offers automation, collaboration, and integration capabilities.

SAP S/4HANA for Tax Compliance:

SAP S/4HANA is an enterprise resource planning (ERP) system that includes tax compliance features. It supports tax determination, calculation, and reporting for various countries and tax types. SAP is a leading provider of ERP solutions for large multinational organizations.

Oracle Tax Compliance Cloud:

Oracle offers tax compliance solutions that can handle complex tax scenarios in multiple countries. It integrates with Oracle's financial management systems and provides automation for tax calculations and reporting.

Vertex Indirect Tax O Series:

Vertex is known for its expertise in indirect tax compliance. Vertex O Series is designed to manage indirect taxes (such as sales tax, VAT, and GST) for global organizations. It can handle complex tax rules and calculations across different jurisdictions.

Avalara:

Avalara is a cloud-based tax compliance platform that specializes in sales tax automation but also supports other tax types. It provides integrations with various ERP and accounting systems and offers solutions for global tax compliance.

Thomson Reuters Checkpoint Global Tax Compliance:

Checkpoint Global Tax Compliance offers a suite of tools and resources to help organizations stay up-to-date with tax laws and regulations across multiple countries. It provides tax research, compliance, and reporting capabilities.

Deloitte Tax Management Consulting (TMC) Services:

Deloitte offers tax compliance and technology consulting services for multinational organizations. They provide customized tax solutions and advisory services to address complex compliance challenges.

When selecting a tax compliance solution for your organization, it's essential to consider factors such as the specific tax types you need to manage, integration with existing systems, scalability, ease of use, and the vendor's expertise in serving multinational clients. Additionally, consulting with tax professionals and conducting a thorough evaluation of the solutions' capabilities will help you make an informed decision based on your organization's unique needs and requirements.

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no title2 years ago

Thanks you for your reply

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