Manufacturing Tax SoftwareOptimise input VAT determination with procure-to-pay software.

Easily manage manufacturing input VAT determination

Manufacturers face many challenges to accurately validate and reconcile input VAT on equipment, drop shipments, materials, and other goods and services. Suppliers struggle to comply with ever-changing regulations and calculations in all the jurisdictions they operate in – increasing the risk of paying and declaring incorrect input VAT. Cross-border inventory movements between EU member states can be taxable even if the items are owned by the same entity, and tax results can differ depending on which jurisdictions impact the chain transactions. The cost of inaccuracies is expensive and can have a negative impact on manufacturers.

Thrive into the future of tax

Manufacturing tax software ensures that you are paying and declaring the correct amount of input VAT—the first time, every time. With ONESOURCE Determination, you can feel confident in your VAT accounting control and reporting for VAT and other global taxes.

ONESOURCE Determination for manufacturing has the global expertise, robust reporting, seamless scalability, and always up-to-date manufacturing content you need to function efficiently in a challenging global economy, all with no disruption to your business. Built from the ground up to handle the unique complexities of tax for manufacturers, ONESOURCE Determination integrates across all of your business and systems, so you can analyse multiple transaction data points and determine the correct input tax recoverability for goods and services.

Be confident in manufacturing tax compliance

Discover our additional resources below to learn more about how ONESOURCE Indirect Tax Compliance can help you simplify complex procure-to-pay tax processes and feel confident in your VAT returns.