ONESOURCE Indirect Tax Compliance

Automate GST, VAT and Indirect tax compliance anywhere, effortlessly.

Streamline corporate and indirect tax compliance globally by automating GST, VAT, and sales tax for accurate international tax returns and filings.

100+

trusted by leading companies with 500K+ global customers

90%

of Fortune 100 use Thomson Reuters

19,000+

global tax authority coverage

Compliance centralisation

Centralised platform for managing and tracking taxation compliance, automating reporting.

Best Practice Content

Benefit from our industry-leading insights and content certified to SSAE 18 and ISAE 3402 standards, vetted by Big 4 experts.

Seamless connectivity

Easily integrates with your ERP, offers robust API capabilities, and supports direct e-filing.

Global compliance

Automate tax compliance with 60+ country-specific reports, including VAT/GST returns, and support for 100+ exception reports.

Trusted by customers globally

Streamline corporate and indirect tax compliance globally 

Compliance Anywhere

Stay ahead with automatically updated rules and rates. Ensure timely and accurate return submissions and compliance with VAT/GST, regulations.

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Mitigate risk

Eliminate errors during tax filing and approval. Keep track of audited adjustments.

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Efficiency and Accuracy

Eliminate manual entries and reduce errors with automated filings, real-time tax authority updates, and robust data management

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Connect and Analyse Data

Easily import, trace and interrogate data to save time, boost accuracy and ensure integrity.

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Centralised Dashboard

Get a comprehensive overview of the taxation compliance process, including real-time GST, VAT and sales use tax.

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E-filing compatible

ONESOURCE E-filing manager enables direct electronic lodgement and is ready for future e-filling requirements.

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See for yourself

Ready to reduce complexity and ensure global compliance? Take the first step towards streamlined and compliant tax operations.


 

It gives us a heightened level of governance and standardised processes …governance is world class, we are very happy with that… some of the benefits of using ONESOURCE is consistency of approach, standardised methodology giving you more information.... it makes work with auditors much easier… …fully accessible reporting.

Adrian MuculjVice President Tax, Orica

Featured resources

Forrester IDT Report

ROI on Sales Tax automation

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Whitepaper

Simplify VAT compliance

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Report

Indirect Tax Report 2024

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Webinar

Tax Engines and ERPs: Adopting the best-value indirect tax technology.

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FAQs on Indirect Tax Compliance

What is indirect tax compliance?

Indirect tax compliance involves adhering to laws and regulations for collecting, reporting, and remitting taxes such as VAT, GST, sales tax, and excise duties. This includes registering with tax authorities, accurately calculating and collecting taxes at the point of sale, maintaining detailed records, filing tax returns, and remitting the collected taxes within required timeframes. Staying updated with changes in tax laws and regulations is also essential to ensure ongoing compliance.

How to ensure tax compliance?

Ensuring tax compliance involves staying informed about current tax laws and regulations, maintaining accurate financial records, and filing returns on time. For organizations operating in multiple jurisdictions, it is crucial to have a comprehensive solution in place to manage the complexities of various tax regimes and reporting requirements. Utilizing specialized tax software or consulting with tax professionals can help streamline the process, reduce the risk of errors, and ensure adherence to all applicable tax obligations. This approach helps organizations stay compliant and avoid potential penalties or legal issues.

What challenges do businesses face in the GST or VAT compliance process?

Businesses face several challenges in the VAT compliance process. One major challenge is keeping up with frequent changes in tax laws and regulations, which requires continuous monitoring and updating of internal processes. Managing cross-border taxation is another significant challenge, as different countries have varying tax rates, rules, and filing requirements. Accurate data management and record-keeping are crucial, but can be difficult to maintain, leading to potential errors in tax filings. Real-time reporting requirements in some jurisdictions add another layer of complexity, necessitating advanced technology and systems to ensure timely and accurate reporting. Additionally, the resource-intensive nature of tax compliance can lead to staff overload, especially during peak filing periods, and businesses may lack the necessary expertise to handle complex tax issues.

How can tax technology help automate the GST or VAT compliance process?

Tax technology can significantly streamline and automate the VAT compliance process. Automated calculations ensure that VAT in Australia is accurately calculated based on the latest rates and rules, reducing the risk of errors. Real-time updates provided by tax technology keep businesses informed about changes in tax rates and regulations, ensuring compliance with the latest requirements. Digital reporting capabilities allow for the generation and electronic submission of VAT in Australia returns, simplifying the filing process. Integration with existing financial systems ensures seamless data flow and consistency, while advanced record-keeping features help maintain accurate and detailed records essential for compliance and audit preparedness. Overall, tax technology reduces the administrative burden, enhances efficiency, and ensures that businesses are always audit-ready.

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