VAT & GST For EMEA

ONESOURCE Indirect Tax meets the requirements of the European Union (EU) countries that have different tax laws depending upon the type of transaction and the countries involved.

Our solution 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.

The ONESOURCE Indirect Tax solution for VAT 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