Automation
Critical today for all companies doing business globally, Sabrix seamlessly handles imports, delivers complete VAT accounting, fully addresses EU taxation, and deals effectively with complex international tax requirements for 170 countries - including multi-level tax in Brazil, Canada and India. Sabrix 5.0 combined with Sabrix SAS 70 certified Tax Research process provides the complete solution to your company's VAT needs, enabling a level of accuracy no other tax solution can match.
The Sabrix Tax Research Team of CTA/CPA tax experts tracks and analyzes tax legislation for over 150 international countries. The Sabrix Tax Research Team delivers monthly updates on all international tax rates, rules and complex taxation that automatically integrate with the Sabrix Application Suite enterprise software. The Sabrix Application Suite enterprise software combined with Sabrix Tax Research provides the complete solution for an organisation’s transaction tax management needs. Learn more about SAS 70 certification.
Changes in the European Union VAT landscape will inevitably result in significant changes in how VAT is accounted for, it is essential that companies configuring VAT in an ERP system factor in such changes and make plans to accommodate them.
AP/AR Process
As Sabrix 5.0 integrates with the AP/AR process, it is essentially a “black box” to an AP/AR user. Sabrix assesses the transaction data and automatically populates the correct tax determination in the ERP system.
Transactions that do not meet an organisation’s tax policy (e.g. a transaction that may potentially result in a VAT registration) can either be halted at a transaction stage or reported as an exception depending on the business processes in place.
Special EU Calculations
Sabrix meets the requirements of the European Union (EU) countries which have different tax laws depending upon the type of transaction and the countries involved. Sabrix addresses these complexities by incorporating laws derived from the Sixth Directive and EU country-specific laws into VAT determination. When transactions cross borders, consideration for VAT registration, type of transaction, location of the parties involved, and special Inco Terms are all appropriately applied when determining VAT obligations. Sabrix 5.0 comes ready to manage all special requirements for doing business in the EU, including generating data to enable VAT reporting, and:
- Zero-Rated Tax Status
- Triangulation Simplification
- Distance Sales Simplification
- Identify and Handle EU-Specific Transaction Types:
- Assembled and Installed
- Professional Services
- Physical Performance
- Transport Services
- Intermediary Services
- Work on Goods
Sabrix 5.0 Overview
