Introduction
Navigating VAT, GST, and transfer pricing rules across 50+ countries is a minefield. Sage Intacct’s tax tools automate calculations, ensure accuracy, and generate audit-ready reports. Discover how to stay compliant from Amsterdam to Auckland.
Sage Intacct Tax Solutions
1. Automated VAT/GST Calculations
- Pre-configured tax rules for 100+ countries.
- Example: A UK retailer auto-applies 20% VAT to e-commerce sales.
2. Transfer Pricing Management
- Track intercompany transactions with built-in OECD-compliant templates.
3. Tax Reporting
- Generate filings like UK MTD, Australia BAS, or Canada GST/HST in minutes.
4. Vertex Integration
- Sync with Vertex for real-time tax rate updates and jurisdictional accuracy.
Advanced Strategies
Tax Accrual Schedules
- Automate quarterly estimates to avoid year-end surprises.
Localization for APAC & EMEA
- Configure Sage Intacct for India’s GSTIN or Germany’s reverse charge rules.
Audit Trail for Tax Authorities
- Export transaction-level tax details during audits.
Case Study: E-Commerce Brand Saves 65% on Tax Filing
- Challenge: Manual VAT calculations took 80 hours monthly across 30 countries.
- Solution: Automated tax rules and integrated with Vertex for rate updates.
- Result: Reduced filing time to 28 hours/month and eliminated penalties.
Tax Compliance Checklist
☑️ Validate tax codes for new product lines.
☑️ Review nexus rules after expanding to new regions.
☑️ Reconcile tax payable accounts monthly.
📩 Need Global Tax Expertise? AccFin’s consultants ensure your Sage Intacct setup is audit-proof. Contact Us.