Global Indirect Tax Determination Transform how Sales & Use Tax, VAT and GST is determined, calculated and recorded

A fully-integrated approach

More tax calculation accuracy with the most current global tax rates and rules built into indirect tax software

Thomson Reuters is the first and only tax and accounting technology provider to obtain a U.S. Patent for its ONESOURCE Indirect Tax Determination tax engine. Our patented process for determining, calculating and recording indirect tax liability allows corporations of all sizes and geographic reach to deliver business-specific tax content and configuration rules across multiple business systems much more consistently and accurately.

Managing Indirect Tax Compliance Around the World

ONESOURCE Indirect Tax is the ONLY truly complete solution to handle sales and use tax, VAT, and GST research, determination, and compliance. Explore how this is done all on one reliable, secure technology platform. Click on the video to watch.

A greater return on investment

Corporate IT departments want to increase performance and scalability, yet finance departments do not want the added expense and demand lower overall costs. As a result, companies are looking for fully integrated solutions with a justifiable return on investment (ROI) that can drive true cost savings for both the finance and tax departments. Our indirect tax determination software integrates with your financial applications in real time so that all your enterprise-wide applications can use a single, scalable instance of ONESOURCE Indirect Tax Determination to deliver more control, consistency, and repeatable processes.

Thomson Reuters ONESOURCE Indirect Tax Determination delivers a justifiable ROI and a truly automated solution that gives a consolidated, real-time view of transaction tax exposures worldwide. Our web-based solution determines your company’s liability for sales tax, use tax, GST, VAT, excise tax, and other country specific taxes using the most current tax rates and rules, ensuring timely, accurate, and cost-effective compliance. And this can all be done no matter what business changes or tax law changes your company encounters.

Confidence in your data

Our software can help you calculate state, local, country, and industry-specific indirect taxes with confidence and accuracy. Global tax research is the critical content piece that is built into our technology to ensure that your tax determination and compliance processes use the most up to date tax information and regulatory data. Our Global Indirect Tax Research team supports rates and rules for over 15,800 taxing authorities in the U.S. and in over 180 countries. It’s like having your own in-house global tax research team supporting your business. Our tax research processes and content subscription services have all successfully completed SSAE16 Type 2 and ISAE 3402 certifications so you can feel confident that your applications are using the most accurate and up-to-date data.

Simplify how United States, Canadian and global sales tax is determined

Client sites in over 140 countries have implemented ONESOURCE Indirect Tax determination. Thomson Reuters has helped organizations around the world simplify the tax compliance management process by reducing:

  • manual and time-consuming transaction processes
  • expensive compliance costs
  • errors associated with over- or under-assessing tax
  • potential penalties and interest
  • training non-tax professionals on tax policies
  • dependency on IT to update tax policy

Thomson Reuters not only provides patented technology for managing indirect tax processes and the most accurate tax content maintained by top domain experts all around the world, we also deliver higher degrees of tax compliance. Achieve the ultimate in end-to-end tax automation when you integrate our determination software to our ONESOURCE Indirect Tax sales and use tax or VAT compliance solution, to give you the power and flexibility to streamline monthly tax return processes.

Global Tax Determination — even in the most complex tax regimes

ONESOURCE Indirect Tax determination is the most powerful and flexible tax engine for indirect tax — especially in countries such as Brazil that have very complex, dynamic tax regimes.

From Rio Grande do Sul to Rio Grande do Norte, our tax research and development teams monitor Brazilian tax law changes for all states and the primary municipalities. ONESOURCE Indirect Tax provides you with the tools to determine jurisdiction, validate registrations, and apply the latest and most accurate tax logic and product taxability to your financial transactions. Configure and manage the most common buy and sell sides of Brazilian tax transactions, including Brazil’s most common types of indirect taxes:

  • IPI (Imposto sobre Produtos Industrializados) — Federal-level non-cumulative tax VAT on the manufacturing and importation of goods.
  • ICMS (Imposto sobre Circulacão de Mercadorias e Serviços) — State-level non-cumulative tax VAT on the economic circulation supply and importation of goods and a few services (accounts for more than 80% of Brazilian states’ tax revenue).
  • ISS (Imposto Sobre Serviços) — Municipal-level cumulative tax on the supply of most services.
  • PIS (Programa de Integração Social) — Social Integration Program (Social Contribution).
  • COFINS (Contribuição para o Financiamento da Seguridade Social) — Contribution for the Financing of Social Security (Social Contribution)