ONESOURCE Indirect Tax Software

In the majority of Europe, tattoo services are subject to standard VAT. In Norway, tattoos are VAT-exempt works of art.

Tax departments need to focus on achieving maximum compliance and determine, calculate and record taxes with the highest levels of accuracy. ONESOURCE Indirect Tax empowers companies of all sizes with both U.S. and global tax expertise so they can better manage the complexity of tax.

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Take the complete approach to sales and use tax with ONESOURCE Indirect Tax software

Only ONESOURCE Indirect Tax delivers a consolidated approach to achieving higher degrees of sales, use, and value-added tax compliance.

Plan

Streamline your tax planning process

Every business has its own unique process around sales and use tax compliance, but many face similar challenges in the planning stages. ONESOURCE Indirect Tax offers end-to-end global software solutions and consulting services that streamline tax planning, so you can focus on value-added activities.

ONESOURCE Indirect Tax:

  • Emphasizes planning
  • Reduces compliance costs
  • Increases data integrity
  • Enhances risk mitigation
Collect

Trust your tax data

Our full-time team of in-house tax experts research tax regulations and maintain up-to-date tax content and changes for over 15,800 taxing authorities in the U.S. and in over 180 countries ensuring your tax determination and compliance processes leverage the current tax information and regulatory data.

ONESOURCE Indirect Tax:

  • Includes tax research processes and content subscriptions that are SSAE16 Type 2 and ISAE 3402 certified
  • Provides up-to-date data and highest levels of accuracy
  • Relieves tax and finance professionals from burden of keeping track of constantly changing tax codes
Assess

Test and Model

Every business faces constant change that will impact their sales, use, and value-added tax obligations. With ONESOURCE Indirect Tax you not only have access to the most comprehensive and up to date tax research, you can easily assess your indirect tax liabilities for business today or tomorrow with tools and supporting research.

ONESOURCE Indirect Tax:

  • Tax Research Team: access to law citations and definitions
  • Workbench: model current and future state transactions
  • Workbench results: access to detailed tax results
  • Drill-down reports: easily view tax-centric detail on your current transactions
Remit

Timely and accurate sales and use tax return filings

Gain time, accuracy and confidence that your filings and audit trail can withstand scrutiny through a fully-web based solution. ONESOURCE Indirect Tax empowers corporations around the world to better manage their return process and supports more than 590 different sales, consumer’s use, seller’s use, rental, leasing, food and beverage returns for all applicable states and the District of Columbia.

ONESOURCE Indirect Tax:

  • Provides anywhere, anytime access
  • Reduces raw data manipulation
  • Provides automatic monthly updates including forms and rates
  • Offers more than 70 electronic return forms accepted in 26 states in addition to Canada and Puerto Rico
Report

Reconcile tax data quickly and accurately

ONESOURCE Indirect Tax provides standard or highly customized reporting functionality so tax data is always at your fingertips. With library of 40+ production-ready reports, you can get the tax data your business needs.

ONESOURCE Indirect Tax:

  • Offers ERP reconciliation and extract
  • Gives peace of mind that data in accurate
  • Provides flexibility to output reports in any number of formats

Multinational Corporation

"ONESOURCE is critical to our sales and business process. It is like having an insurance policy. Having a central platform for all our ERPs—with the same rates for one country used by a number of systems– is very important to improving our efficiency and mitigating risk.”

Director of the Global Tax Department, Taxologist

See how this Taxologist helped his Multinational corporation respond rapidly to business change.

Customize your end-to-end indirect tax solution

ONESOURCE Indirect Tax offers flexibility, so you can select the software products and cloud-based services that best meet your needs.

ONESOURCE

Global Tax Determination

With client sites in more than 140 countries, ONESOURCE Indirect Tax helps you automate and simplify your sales, use and VAT management process no matter where your company conducts business.

ONESOURCE

Sales & Use Tax Compliance Software

Power your business with a software solution that covers the entire sales and use tax lifecycle- from determination and calculation, to reporting, sales tax filing, and remittance.

ONESOURCE

International Indirect Tax Solutions

Looking to expand into new markets abroad? ONESOURCE provides all the tools you need to automate VAT, GST, HST, PST, and QST helping you navigate local tax rules, languages, and country-specific requirements.

ONESOURCE

ERP Integration

Now you can pair ONESOURCE Indirect Tax with the business systems you already have in place. Get even more accuracy in your tax calculation and reporting process.

ONESOURCE

Sales Tax Automation for the Mid-Market

It’s not just for enterprise-sized multinational corporations. ONESOURCE also provides industry-leading sales and use tax technology for mid-market businesses.

ONESOURCE

Indirect Tax Rates

Get indirect tax data delivered to your company in real time, including supporting rates and rules for more than 15,800 tax authorities in the US.

ONESOURCE

Certificate Manager

Put any indirect tax certificate at your fingertips in a matter of seconds. ONESOURCE Indirect Tax collects, displays, stores and tracks all exemption and resale certificates.

ONESOURCE

Indirect Tax Partner Network

Our partners include Certified Implementer Program (CIP) members as well as partners who specialize in indirect tax consulting services, implementation support and tax technology applications.

Get In Touch Today

Learn More about ONESOURCE Indirect Tax Software or Request a Demo.


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Manufacturing

Monitoring vital signs

After years of steady growth, a US based F500 Multinational Corporation that provides energy, health, transportation and financial services to businesses and consumers all over the world faced complex tax management issues.

To take their organization to the next level and expand their global footprint, they needed a tax solution that could seamlessly integrate with its many ERP and billing platforms, automate their sales and business process, and provide real-time determination for every transaction.

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Sales

Prescription for tax health

The Multinational Corporation implemented Thomson Reuters ONESOURCE™ Indirect Tax into their existing compliance system. The process began with employees reviewing data and asking questions with a ONESOURCE professional services team.

With millions of transactions per day and thousands of tax law complexities across hundreds of countries, the key was to provide a single, centralized tax solution that could handle extremely high transaction volumes and offered the flexibility to meet global business ambitions.

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Transactions

Just what the doctor ordered

After transitioning to Indirect Tax, they centralized and automated their transaction tax operations with a new level of clarity. The new software seamlessly integrated with the corporation’s existing business systems to keep operations running smooth across seven business units.

The goal was to achieve significant cost reductions in compliance and tax system maintenance so the Multinational Corporation could focus on delivering products to new customers globally through multiple channels.

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Utilization

Achieving the best results with ONESOURCE

With a more streamlined work process, the Multinational Corporation expanded from 50 to 125 countries. ONESOURCE Indirect Tax enabled them to determine, calculate and record tax to meet worldwide compliance regulations while providing real-time global tax visibility and improving strategic tax planning and optimization.

The company now has a complete sales and use tax solution. They facilitate extremely high transaction volumes across 125+ countries and numerous tax authorities with no underpayments, overpayments or penalties, and with reduced risk and exposure.

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