India’s most robust software suite for Indirect Tax
ONESOURCE is a calculation-to-compliance indirect tax software suite of solutions, that is being used successfully across the globe.
It provides an effortless, automated approach to help businesses take ownership of their company’s tax strategies and manage global sales and use taxes, VAT, and GST, with ease and efficacy — no matter where operations are located.
Our global indirect tax solutions help organizations manage the complexity of new indirect tax regulations, including the upcoming European Union place of supply VAT rules. Furthermore, ONESOURCE also enables shared service centres to improve operational efficiencies by managing tax calculations and returns across multiple international tax jurisdictions.
Efficient indirect tax management begins with ONESOURCE
In-built Global tax research, helps companies ensure tax determination and compliance processes use the most up to date tax information and regulatory data.
A Global Indirect Tax Research team that supports rates and rules for over 14,500 taxing authorities in the U.S. and in over 175 countries
ONESOURCE Indirect Tax Determination
Automate GST, VAT, and sales & use tax calculations in 175+ countries
Why choose ONESOURCE Determination?
Whether organizations are entering new markets or simply modernizing existing tax systems, they are faced with ever-changing indirect tax rates, from excise to consumption taxes, combined with complex state and country rules for collecting and paying taxes.
Organizations across the globe leverage ONESOURCE to ensure that indirect taxes are calculated and reported consistently without any errors. It integrates with company’s ERPs or other financial applications in real time so that all its enterprise-wide systems are able to use a single, scalable instance of ONESOURCE.
With ONESOURCE you can:
Automate tax determination and calculation process to help your organization manage indirect taxes with ease
Determine your company’s liability for sales tax, use tax, GST, VAT, excise tax, and other country-specific taxes using the latest global tax rates and rules
Obtain a consolidated, real-time view of transaction tax exposures worldwide
Assess and record indirect taxes in a centralized & standardized format, with region-specific tax content, from over 175 countries
Deliver control and consistency and save set-up & risk related costs.
Managing indirect tax compliance across the globe
Thomson Reuters’ ONESOURCE helps businesses seamlessly manage all aspects of indirect tax - starting from research to determination and compliance. It is currently the only comprehensive indirect tax solution for domestic and multinational corporations.
The global tax engine that delivers exceptional ROI
Unique patented process
ONESOURCE is the only patented, end-to-end automated solution for sales, use, and excise tax, GST and VAT on the market.
Integrate seamlessly with ERP, financial and billing systems for accurate indirect tax determination in real-time.
Reduced IT dependency
Reduce dependency on IT teams for regular ERP updates with new tax laws and rates.
Accurate tax assessment
Eliminate errors or penalties due to over- or under-assessment of VAT, GST, sales or use tax
Trusted tax information
Stay up to date on global tax changes by leveraging our in-house expertise which is backed by SSAE 18 and ISAE 3402 certified process.
Support in complex markets
Manage extremely complex tax regulations for markets such as Brazil, India, and the US.
Reduced compliance costs
Manage compliance with no room for error and reduce the costs of inaccuracies.
Streamlined tax returns
Build the flexibility to streamline tax return processes with an integrated compliance solution.
“It was a perfect storm of tax challenges. Instead of being swept up in it, we decided to use it as a basis for transformation. We needed a single, global solution with a local focus.”
ONESOURCE Indirect Tax Compliance
Increase efficiency, lower costs and minimize compliance risk
Achieving compliance for GST, VAT, sales and use tax, and other indirect taxes is becoming increasingly complex across the globe. Multinational corporations have to deal with the preparation of indirect tax returns, international trade declarations, sales and purchase listings in economies with disparate regulations, requirements and complexities.
Thomson Reuters’ ONESOURCE Indirect Tax Compliance is a comprehensive, web-based solution for GST, VAT, and sales and use tax. It helps you deftly steer through constantly changing tax requirements across the globe.
Why choose ONESOURCE Compliance?
With ONESOURCE Indirect Compliance, you can:
Consolidate data from multiple systems & provides seamless tax data validation specific to different countries.
Get a unified, structured, and controlled method of filing returns in English and local languages for different countries - all on a single tool.
Meet GST requirements in India on a single platform with ease and efficiency
Automate management of VAT, sales and use tax and other international tax returns
Avoid risks associated with country-specific spreadsheets and complex manual tasks
Address compliance requirements in every jurisdiction with tremendous efficiency.
Ultimate control over your compliance process
Follow the compliance process at every step with real-time updates and the right metrics available centrally.
Get real-time updates from tax authorities in local languages, and follow best practices specific to each country.
Stay on top of digital reporting requirements of GST, VAT, sales and use tax globally.
With risk management control, you can easily review, signoff and even make audited manual adjustments
Take advantage of a fully integrated reporting tool that enables reconciliation, tax return preparation and compliance.
Easy Data Imports
Import data directly from ERPs, POS systems, e-commerce applications or manually with the help of IT teams.
Prepare & manage returns
Prepare tax returns with flexible data sourcing or drill down with numerous forward & back-calculation methods.
Comprehensive data analysis, as well as standard and custom interrogation, facilitates confidence in data integrity.