SYSPRO Digital Tax Tool allows financial controllers to create digital tax outputs that can support compliance with tax authority requirements. What sets our solution apart is that it also allows for returns to be fully customized and is currently applicable to European Union and Asia Pacific regions.
Key benefits of Digital Tax Tool
- Enables compliance The Digital Tax Tool will ensure that enterprises in the European Union and Asia Pacific regions are compliant with the latest tax legislation which requires returns to be in an electronic format
- Sets your business up for the future Although electronic tax returns are not yet a requirement in all countries, they are increasingly becoming a requisite. The Digital Tax Tool ensures that enterprises are set up for this future tax requirement
- Customizable and Auditable The Digital Tax Tool can be customized to provide user defined extract files that are structured and repeatable. Further, an analysis tool assists in resolving queries from tax authorities and reconciling Sales Tax transactions to the General Ledger.
- Reduces Administrative Tasks and Errors The Digital Tax Tool reduces the administrative effort required to generate sales tax returns and the likelihood of errors associated with manually preparing sales tax returns in a digital format for submission to tax authorities