Determination

Sabrix 5.0 evaluates the invoice, the address, and other information passed for each tax relevant ERP transaction and automatically determines the VAT obligation in all jurisdictions, and calculates the correct tax.

Sabrix 5.0 functionality and content delivers all required accounting entries for VAT transactions including:

  • Standard Input and Output VAT
    • Content and customer based input VAT recoverability settings
  • Import VAT
    • Application of VAT based on delivery terms/registrations
  • Export Sales
    • Application of VAT based on delivery terms/registrations
    • Application of content driven invoice messaging
  • Acquisitions
    • Identification and application of correct registrations
  • Triangulation
    • Impact of registrations in supply chain
    • Content and customer settings available
  • Non Established Taxable Persons Rules
    • Application of country specific legislation and customer settings available
    • Application of content driven invoice messaging
  • Reverse Charges
    • Determination and application of reverse charge
    • Automated reporting
    • Application of UK domestic reverse charge
  • Distance Sales
    • Application of company policy on distance sales
      • Blocking non-compliant transactions
      • Exception based reporting
Sabrix Workbench

The Sabrix Workbench is the tax professional’s User Interface which ensures full visibility on indirect tax determination within an organisation. The Workbench acts as a planning tool for users to model transactions against content. As the Tax Professional has visibility over indirect tax determination, an organisaton’s indirect tax compliance requirements are realised in ever changing commercial and legislative environments.

 image1
Additional tax types

In addition to content on VAT rates and rules for 13,184 tax authorities and 170 countries, Sabrix 5.0 has the ability to manage other tax types such as excise, insurance premium taxes, environmental levies and withholding tax using its Custom Authority functionality.

Tax users can easily create taxing authorities and apply tax determination logic to that taxing authority based on their requirements.

Organisations have the option to maintain this content in house or to outsource the maintenance of this content with Sabrix’s SAS 70i certified Tax research process.

Sabrix 5.0 Overview

overview