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Most organisations still describe an indirect tax solution as a way to automate tax rates. That description significantly understates what a properly designed tax engine can do. Yes, it must calculate tax. However, before it can calculate anything correctly, it has to answer a far
I was recently asked a question along the lines of: ‘How can Oracle E-Business Tax be configured so that, for the same customer and province, one group of products is taxed at 5% while another group of products is treated as zero-rated or exempt?’ This
Why the registration number matters An important technical point often overlooked is that the registration number itself is usually not the core driver of tax determination logic. In most Oracle Fusion Tax implementations, determination is more commonly based on: Registration status Effective start and end
When integrating third-party AP or invoice scanning systems into Oracle E-Business Suite (EBS), one of the most common design mistakes is importing tax lines directly into Oracle Payables. At first glance, importing tax lines may seem logical because the external system has already calculated the
I once stood on stage at a conference and asked the audience a simple question: “How many of you validate your customers’ VAT numbers?” Almost every hand went up – exactly the response you’d expect from experienced tax professionals. Then I asked the follow-up: “Please
Indirect tax systems around the world continue to face challenges with fraud, reconciliation issues, and inefficient compliance processes. And with the rise of e-invoicing and digital reporting, requirements are constantly evolving, forcing the taxpayer to do more to ensure they are accurate and compliant. However,
In today’s cloud-first world, businesses are often forced to choose between a rigid multi-tenant SaaS model and a more costly single-tenant setup to meet their compliance, performance, or customisation needs. At Innovate Tax, we believe you shouldn’t have to compromise. That’s why we’ve developed a
I recently had the opportunity to speak with a senior representative from the FIA from Taiwan. The Fiscal Information Agency (FIA) is a department under Taiwan’s Ministry of Finance responsible for developing, maintaining, and overseeing the country’s financial data systems and tax-related technology infrastructure. It
Why platform operators must prioritise accuracy and due diligence? Under DAC7, platform providers have specific responsibilities when it comes to gathering and reporting information on sellers, including VAT identification numbers where they are available. The legislation states that ‘the VAT identification number of the Reportable
Reporting VAT in the UAE by emirate is a mandatory requirement under UAE VAT law, and it must be done based on the emirate where the supply of goods or services takes place. Using the ‘Bill To’ location at the time of reporting is a
