Event series − VAT in ERP systems: how does it challenge IT, the Tax Administration and tax experts?

Register Online to our upcoming series of events on VAT in ERP systems: how does it challenge IT, the Tax Administration and tax experts?

ERP systems are often not equipped to handle the complex requirements of VAT correctly, flexibly and efficiently without extra work or manual intervention.

The legal requirements are constantly changing, and on the basis of the OECD guidelines many countries are exchanging data or demanding evermore detailed information from taxpayers. Organisations are well on the way to transparency.

At these events we’ll be discussing the views of our clients, looking at the different needs of the IT and tax functions, and finally sharing some insights from the Tax Administration.

The aim of the events is to talk about experiences and needs, learn from each other, and build ‘best practice’ together. If required this dialogue can be continued afterwards within our “ITX ERP Support Community”. In the beginning, the questions and the coordination of the same language in the cooperation of the tax and IT department are at the company’s disposal. Our discussions will revolve around the issues that organisations face and creating a common language enabling the tax and IT functions to work together.

Have we piqued your interest? We look forward to welcoming you to one of our discussions.

The dates are planned as follows:

Zurich

  • Wednesday, 31 May 2017, 4.30 pm registration / welcome drink
  • 5.00 pm start, 6.00 pm end, followed by an apéro and individual discussions and questions
  • PricewaterhouseCoopers AG, Birchstrasse 160, 8050 Zurich

Berne

  • Tuesday, 6 June 2017, 4.30 pm registration / welcome drink
  • 5.00 pm start, 6.00 pm end, followed by an apéro and individual discussions and questions
  • PricewaterhouseCoopers AG, Bahnhofplatz 10, 3001 Berne

Geneva

  • Thursday, 15 June 2017, 4.30 pm registration / welcome drink
  • 5.00 pm start, 6.00 pm end, followed by an apéro and individual discussions and questions
  • PricewaterhouseCoopers AG, Avenue Giuseppe-Motta 50, 1211 Geneva
  • This event takes place in English. To discuss your questions, local PwC colleagues will be at your disposal

Basel

  • Thursday, 22 June 2017, 4.30 pm registration / welcome drink
  • 5.00 pm start, 6.00 pm end, followed by an apéro and individual discussions and questions
  • PricewaterhouseCoopers AG, St.Jakobs-Strasse 25, 4002 Basel

The detailed programme has been published on our website www.pwc.ch/vat-erp. We are looking forward to your registration.

If you have any questions, please get in touch with your usual PwC contact person or one of the experts below

Your contacts

Ilona Paakkala
Director
ITX Technology Leader
Tel. +41 58 792 42 58
paakkala.ilona@ch.pwc.com

Sandra Wirz
Senior Manager
ITX ERP Support Responsible
Tel. +41 58 792 25 32
sandra.wirz@ch.pwc.com

VAT Compliance Tools

The world of VAT and customs reporting is changing rapidly.

As businesses, we’re living in a world, which is becoming increasingly globalised, with the adoption of more and more VAT and other indirect taxes. Tax authorities are requesting more detailed transactional information than ever before – and more quickly. At the same time new technologies are introducing unprecedented methods to track both indirect and direct taxes.

It has now become business critical to keep up to date with your VAT compliance responsibilities and to be ready for more thorough questioning from your tax authorities. The best way to achieve this, we believe, is to embrace the new technologies available.

Here are some quick demonstrations of our key compliance tools. Click on the pictures to launch the selective video. Presentations and additional informations can be found below the videos.

1 VAT reconciliation solutions
PwC has different solutions to help you with VAT/turnover reconciliation, from an automated excel-based solution building on standard ERP VAT reports to an SAP-integrated programme which allows automated reconciliation preparation directly in SAP. An automated solution helps you reduce the manual workflow involved in setting up a VAT/turnover reconciliation in line with Swiss VAT law, and allows you to focus more on the analysis of transactions.vat_reconciliation

Presentation: VAT reconciliation solutions – February 2017, PwC Zurich
– Flyer: Does your ERP System talk ITX?

2. Taxmarc for SAP
Taxmarc is an ‘add on’ to the SAP-system and gives an insight into all the data which is relevant for determining the VAT that is payable or receivable. The system facilitates VAT treatment for each individual transaction.
taxmarc

– Presentation: Taxmarc for SAP – February 2017, PwC Zurich

3. VAT compliance technology
Our STARS compliance and analytics solution enables the automation of indirect tax returns, as well as providing detailed analysis of underlying transactional data. It helps standardise processes, increase efficiency and reduce risk in VAT compliance.
vat_compliance_automation

Presentation: VAT compliance Automation – February 2017, PwC Zurich

4. Customised-Import
Making import data visible with a diagnostic tool: With Customised-Import we can analyse the import data of a company, looking at a variety of aspects of import handling, quantifying savings and risk potential, and making the data visible to different interest groups in an easy and intuitive way.
customised_import

Presentation: Customised-Import – February 2017, PwC Zurich
Flyer: Keep track of your import data

5. Data analytics in indirect tax
The introduction of data analytics for indirect tax by authorities in most EU countries is now an impending reality. To become more efficient and create greater value for the broader business, tax functions need to take a closer look at the data they collect, the technology and processes they use, and rethink their approach to tax data management. PwC data analytics provides a complete view of the VAT risks and the opportunities that arise from using data smartly.

Presentation: Data analytics – February 2017, PwC Zurich
– Learn more about our Webcast on Wednesday, March 8, 2017

6. VAT refunds re-imagined
Businesses operating across borders often incur significant amounts of local VAT on expenses. Global reclaim Assessor (GrA) is a solution that enables the processing of invoices for VAT refund claims in a cost-effective way, helping businesses to recover the VAT paid and to optimise cash flow.