Do you understand the opportunities and benefits of leveraging technology to manage your global value-added tax (VAT) requirements?
This presentation identifies the types of tools available to assist with global VAT management and how to assess which technology matches the needs of your business.
Watch the full webinar presentation of these slides for a discussion of opportunities, best practices, and lessons learned for incorporating technology to improve global VAT management here http://ow.ly/VuAkm
ONESOURCE Indirect Tax Compliance - Grant ThorntonAlex Baulf
As a Certified Implementer, Grant Thornton receives
the required training to help multinational companies
with their implementation of ONESOURCE WorkFlow
Manager and ONESOURCE Indirect Tax. Grant
Thornton's international team brings both the technical
skillsets and well as the tax technical experience to a
single project team for implementations
Email Grant Thornton: taxautomation@uk.gt.com
Thomson Reuters KPMG Global Trade Management Survey Report 2016Paul Authachinda
This report presents key findings on:
++ Manual processes
++ Automation
++ FTA utilization
++ Classification
++ Process centralization
++ Transfer pricing and customs valuation
We hope you find the information in the annual
2016 Thomson Reuters and KPMG International
Global Trade Management
You don’t have to be an accountant in the Philippines to fully grasp the purpose of value added taxes (VAT). At what scenario are we paying for it and why? This time, let’s find the transactions that govern its scope.
The document discusses Value Added Tax (VAT) implementation in Karnataka from April 1, 2003. It covers VAT terminology, types of registration, rates, schedules, taxation calculations, books to be maintained, authorities, benefits compared to other tax systems, implementation in other countries and a proposed model for India. VAT aims to reduce the cascading effect of taxes and increase revenue through a multi-rate structure applied at each stage of production and distribution.
This document summarizes key VAT/CST concepts and accounting treatments under the MVAT Act. It discusses set-off rules, central sales tax, e-filing requirements, and provides guidance on maintaining sales and purchase details and making appropriate accounting entries for VAT credits on inputs, capital goods, and adjustments.
This document discusses value-added tax (VAT) coverage and classifications under Philippine law. It states that VAT applies to the sale, lease, or import of goods and services in the course of business, unless exempt or zero-rated, at a 12% rate. Sales are classified as exempt, zero-rated, or taxable. The law requires those engaged in trade to collect VAT on taxable transactions. Specific transactions like property dividends or goods transfers out of business are considered "deemed sales" subject to VAT. Formulas are provided for calculating VAT using exclusive or inclusive tax base methods.
Value Added Tax (VAT) is a tax on the value added to goods and services at each stage of production and distribution. The Value Added Tax Reform Act of 2005 established VAT at 12% and applies to persons or businesses with gross sales or receipts over P1.9 million per year. VAT is imposed on the sale, barter, or lease of both goods and services, as well as deemed sales such as business distributions or transfers. Certain sales are zero-rated like exports and foreign currency sales. Taxpayers compute VAT payable by subtracting allowable input tax credits from total output tax due.
This was the informative seminar on the basic taxation principles in the Philippines. It was an hour-long speech on the basics of the Philippine Tax system presented to the students of the Mindanao State University - Iligan Institute of Technology on 12 August 2011 for the Political Science 2 Lecture Series by Vivienne Cemine.\. The document was uploaded by JR Lopez Gonzales of www.politikalon.blogspot.com.
ONESOURCE Indirect Tax Compliance - Grant ThorntonAlex Baulf
As a Certified Implementer, Grant Thornton receives
the required training to help multinational companies
with their implementation of ONESOURCE WorkFlow
Manager and ONESOURCE Indirect Tax. Grant
Thornton's international team brings both the technical
skillsets and well as the tax technical experience to a
single project team for implementations
Email Grant Thornton: taxautomation@uk.gt.com
Thomson Reuters KPMG Global Trade Management Survey Report 2016Paul Authachinda
This report presents key findings on:
++ Manual processes
++ Automation
++ FTA utilization
++ Classification
++ Process centralization
++ Transfer pricing and customs valuation
We hope you find the information in the annual
2016 Thomson Reuters and KPMG International
Global Trade Management
You don’t have to be an accountant in the Philippines to fully grasp the purpose of value added taxes (VAT). At what scenario are we paying for it and why? This time, let’s find the transactions that govern its scope.
The document discusses Value Added Tax (VAT) implementation in Karnataka from April 1, 2003. It covers VAT terminology, types of registration, rates, schedules, taxation calculations, books to be maintained, authorities, benefits compared to other tax systems, implementation in other countries and a proposed model for India. VAT aims to reduce the cascading effect of taxes and increase revenue through a multi-rate structure applied at each stage of production and distribution.
This document summarizes key VAT/CST concepts and accounting treatments under the MVAT Act. It discusses set-off rules, central sales tax, e-filing requirements, and provides guidance on maintaining sales and purchase details and making appropriate accounting entries for VAT credits on inputs, capital goods, and adjustments.
This document discusses value-added tax (VAT) coverage and classifications under Philippine law. It states that VAT applies to the sale, lease, or import of goods and services in the course of business, unless exempt or zero-rated, at a 12% rate. Sales are classified as exempt, zero-rated, or taxable. The law requires those engaged in trade to collect VAT on taxable transactions. Specific transactions like property dividends or goods transfers out of business are considered "deemed sales" subject to VAT. Formulas are provided for calculating VAT using exclusive or inclusive tax base methods.
Value Added Tax (VAT) is a tax on the value added to goods and services at each stage of production and distribution. The Value Added Tax Reform Act of 2005 established VAT at 12% and applies to persons or businesses with gross sales or receipts over P1.9 million per year. VAT is imposed on the sale, barter, or lease of both goods and services, as well as deemed sales such as business distributions or transfers. Certain sales are zero-rated like exports and foreign currency sales. Taxpayers compute VAT payable by subtracting allowable input tax credits from total output tax due.
This was the informative seminar on the basic taxation principles in the Philippines. It was an hour-long speech on the basics of the Philippine Tax system presented to the students of the Mindanao State University - Iligan Institute of Technology on 12 August 2011 for the Political Science 2 Lecture Series by Vivienne Cemine.\. The document was uploaded by JR Lopez Gonzales of www.politikalon.blogspot.com.
General principles/Fundamentals of TaxationPhil Taxation
The document discusses the key concepts and principles of taxation as an inherent power of the state. It defines taxation as a means for the sovereign state to demand revenue through its legislature to fund public needs and purposes. The document outlines the characteristics and limitations of the taxation power, comparing it to other state powers like police power and eminent domain. It notes taxation power is unlimited but must be exercised for a public purpose and within constitutional restrictions.
- The document outlines general principles of income taxation in the Philippines, including that citizens are taxed on worldwide income while non-citizens are only taxed on domestic income.
- It provides income tax rates for individual citizens and resident aliens that range from 5% to 34% depending on taxable income amount. Married couples file separately.
- Certain types of passive income like interest, royalties, and dividends are subject to final taxes ranging from 6% to 20% instead of the regular income tax rates. Capital gains are also taxed differently depending on the asset type.
Taxation is the inherent power of the sovereign government to impose financial burdens on individuals and entities within its jurisdiction in order to raise revenue for legitimate government objectives. The primary purpose of taxation is to generate funds for public expenditures like education, healthcare, and infrastructure. Taxes are also used for non-revenue purposes like regulating industries through excise taxes. Taxation is considered an enforced contribution that is paid in money and is proportionate in character, levied on persons or property within the state's jurisdiction by the lawmaking body, and for public purposes.
This document provides an example computation of income tax for Mr. De Castro, a professor with a monthly salary of 85,000 pesos. It calculates his monthly and annual tax under two scenarios: as a single filer and as married with 4 dependents. As a single filer, Mr. De Castro's tax due is 270,792 pesos resulting in an overpayment of 55,608 pesos. As married with 4 dependents, his tax due is 238,792 pesos resulting in an overpayment of 87,608 pesos.
This document discusses the general principles of taxation according to a lecture on income taxation. It defines taxation as the means by which a government raises income to fund its necessary expenses. The primary purpose of taxation is to provide funds to promote citizens' welfare and finance government activities. Other purposes include strengthening industries, protecting local industries, and reducing inequality. The principles discuss the theory that government needs revenue and has the right to tax citizens in return for protection. A sound tax system should be fiscally adequate, impose equal burdens based on ability to pay, and be administratively feasible. The document also outlines constitutional and inherent limitations on taxation powers.
This document discusses concepts of taxation including definitions, principles, theories, structures, and characteristics of tax systems. It defines taxation as the process by which governments raise revenue to fund expenses through mandatory contributions imposed on individuals and organizations. The key principles discussed are the benefit principle, ability-to-pay principle, and equal-distribution principle. Taxes can be proportional, regressive, or progressive based on rates. The document also outlines forms of tax exemption and avoidance.
Taxation 101 basic rules and principles in philippine taxation by jr lopez go...JR Lopez Gonzales
The document discusses taxation in the Philippines, including:
1. It defines taxation as the imposition of financial charges by the government to raise revenues and fund government expenses.
2. It outlines the history of taxation from ancient times to its development under Spanish colonial rule and the establishment of taxes like the cedula.
3. It describes the main purposes of taxation as raising revenues, redistribution of wealth, repricing goods/services, and representation of citizens in government.
TEDx Manchester: AI & The Future of WorkVolker Hirsch
TEDx Manchester talk on artificial intelligence (AI) and how the ascent of AI and robotics impacts our future work environments.
The video of the talk is now also available here: https://youtu.be/dRw4d2Si8LA
Have you ever been confused by the myriad of choices offered by AWS for hosting a website or an API?
Lambda, Elastic Beanstalk, Lightsail, Amplify, S3 (and more!) can each host websites + APIs. But which one should we choose?
Which one is cheapest? Which one is fastest? Which one will scale to meet our needs?
Join me in this session as we dive into each AWS hosting service to determine which one is best for your scenario and explain why!
5th LF Energy Power Grid Model Meet-up SlidesDanBrown980551
5th Power Grid Model Meet-up
It is with great pleasure that we extend to you an invitation to the 5th Power Grid Model Meet-up, scheduled for 6th June 2024. This event will adopt a hybrid format, allowing participants to join us either through an online Mircosoft Teams session or in person at TU/e located at Den Dolech 2, Eindhoven, Netherlands. The meet-up will be hosted by Eindhoven University of Technology (TU/e), a research university specializing in engineering science & technology.
Power Grid Model
The global energy transition is placing new and unprecedented demands on Distribution System Operators (DSOs). Alongside upgrades to grid capacity, processes such as digitization, capacity optimization, and congestion management are becoming vital for delivering reliable services.
Power Grid Model is an open source project from Linux Foundation Energy and provides a calculation engine that is increasingly essential for DSOs. It offers a standards-based foundation enabling real-time power systems analysis, simulations of electrical power grids, and sophisticated what-if analysis. In addition, it enables in-depth studies and analysis of the electrical power grid’s behavior and performance. This comprehensive model incorporates essential factors such as power generation capacity, electrical losses, voltage levels, power flows, and system stability.
Power Grid Model is currently being applied in a wide variety of use cases, including grid planning, expansion, reliability, and congestion studies. It can also help in analyzing the impact of renewable energy integration, assessing the effects of disturbances or faults, and developing strategies for grid control and optimization.
What to expect
For the upcoming meetup we are organizing, we have an exciting lineup of activities planned:
-Insightful presentations covering two practical applications of the Power Grid Model.
-An update on the latest advancements in Power Grid -Model technology during the first and second quarters of 2024.
-An interactive brainstorming session to discuss and propose new feature requests.
-An opportunity to connect with fellow Power Grid Model enthusiasts and users.
Nunit vs XUnit vs MSTest Differences Between These Unit Testing Frameworks.pdfflufftailshop
When it comes to unit testing in the .NET ecosystem, developers have a wide range of options available. Among the most popular choices are NUnit, XUnit, and MSTest. These unit testing frameworks provide essential tools and features to help ensure the quality and reliability of code. However, understanding the differences between these frameworks is crucial for selecting the most suitable one for your projects.
HCL Notes and Domino License Cost Reduction in the World of DLAUpanagenda
Webinar Recording: https://www.panagenda.com/webinars/hcl-notes-and-domino-license-cost-reduction-in-the-world-of-dlau/
The introduction of DLAU and the CCB & CCX licensing model caused quite a stir in the HCL community. As a Notes and Domino customer, you may have faced challenges with unexpected user counts and license costs. You probably have questions on how this new licensing approach works and how to benefit from it. Most importantly, you likely have budget constraints and want to save money where possible. Don’t worry, we can help with all of this!
We’ll show you how to fix common misconfigurations that cause higher-than-expected user counts, and how to identify accounts which you can deactivate to save money. There are also frequent patterns that can cause unnecessary cost, like using a person document instead of a mail-in for shared mailboxes. We’ll provide examples and solutions for those as well. And naturally we’ll explain the new licensing model.
Join HCL Ambassador Marc Thomas in this webinar with a special guest appearance from Franz Walder. It will give you the tools and know-how to stay on top of what is going on with Domino licensing. You will be able lower your cost through an optimized configuration and keep it low going forward.
These topics will be covered
- Reducing license cost by finding and fixing misconfigurations and superfluous accounts
- How do CCB and CCX licenses really work?
- Understanding the DLAU tool and how to best utilize it
- Tips for common problem areas, like team mailboxes, functional/test users, etc
- Practical examples and best practices to implement right away
Let's Integrate MuleSoft RPA, COMPOSER, APM with AWS IDP along with Slackshyamraj55
Discover the seamless integration of RPA (Robotic Process Automation), COMPOSER, and APM with AWS IDP enhanced with Slack notifications. Explore how these technologies converge to streamline workflows, optimize performance, and ensure secure access, all while leveraging the power of AWS IDP and real-time communication via Slack notifications.
Best 20 SEO Techniques To Improve Website Visibility In SERPPixlogix Infotech
Boost your website's visibility with proven SEO techniques! Our latest blog dives into essential strategies to enhance your online presence, increase traffic, and rank higher on search engines. From keyword optimization to quality content creation, learn how to make your site stand out in the crowded digital landscape. Discover actionable tips and expert insights to elevate your SEO game.
Ocean lotus Threat actors project by John Sitima 2024 (1).pptxSitimaJohn
Ocean Lotus cyber threat actors represent a sophisticated, persistent, and politically motivated group that poses a significant risk to organizations and individuals in the Southeast Asian region. Their continuous evolution and adaptability underscore the need for robust cybersecurity measures and international cooperation to identify and mitigate the threats posed by such advanced persistent threat groups.
Generating privacy-protected synthetic data using Secludy and MilvusZilliz
During this demo, the founders of Secludy will demonstrate how their system utilizes Milvus to store and manipulate embeddings for generating privacy-protected synthetic data. Their approach not only maintains the confidentiality of the original data but also enhances the utility and scalability of LLMs under privacy constraints. Attendees, including machine learning engineers, data scientists, and data managers, will witness first-hand how Secludy's integration with Milvus empowers organizations to harness the power of LLMs securely and efficiently.
Skybuffer AI: Advanced Conversational and Generative AI Solution on SAP Busin...Tatiana Kojar
Skybuffer AI, built on the robust SAP Business Technology Platform (SAP BTP), is the latest and most advanced version of our AI development, reaffirming our commitment to delivering top-tier AI solutions. Skybuffer AI harnesses all the innovative capabilities of the SAP BTP in the AI domain, from Conversational AI to cutting-edge Generative AI and Retrieval-Augmented Generation (RAG). It also helps SAP customers safeguard their investments into SAP Conversational AI and ensure a seamless, one-click transition to SAP Business AI.
With Skybuffer AI, various AI models can be integrated into a single communication channel such as Microsoft Teams. This integration empowers business users with insights drawn from SAP backend systems, enterprise documents, and the expansive knowledge of Generative AI. And the best part of it is that it is all managed through our intuitive no-code Action Server interface, requiring no extensive coding knowledge and making the advanced AI accessible to more users.
Introduction of Cybersecurity with OSS at Code Europe 2024Hiroshi SHIBATA
I develop the Ruby programming language, RubyGems, and Bundler, which are package managers for Ruby. Today, I will introduce how to enhance the security of your application using open-source software (OSS) examples from Ruby and RubyGems.
The first topic is CVE (Common Vulnerabilities and Exposures). I have published CVEs many times. But what exactly is a CVE? I'll provide a basic understanding of CVEs and explain how to detect and handle vulnerabilities in OSS.
Next, let's discuss package managers. Package managers play a critical role in the OSS ecosystem. I'll explain how to manage library dependencies in your application.
I'll share insights into how the Ruby and RubyGems core team works to keep our ecosystem safe. By the end of this talk, you'll have a better understanding of how to safeguard your code.
General principles/Fundamentals of TaxationPhil Taxation
The document discusses the key concepts and principles of taxation as an inherent power of the state. It defines taxation as a means for the sovereign state to demand revenue through its legislature to fund public needs and purposes. The document outlines the characteristics and limitations of the taxation power, comparing it to other state powers like police power and eminent domain. It notes taxation power is unlimited but must be exercised for a public purpose and within constitutional restrictions.
- The document outlines general principles of income taxation in the Philippines, including that citizens are taxed on worldwide income while non-citizens are only taxed on domestic income.
- It provides income tax rates for individual citizens and resident aliens that range from 5% to 34% depending on taxable income amount. Married couples file separately.
- Certain types of passive income like interest, royalties, and dividends are subject to final taxes ranging from 6% to 20% instead of the regular income tax rates. Capital gains are also taxed differently depending on the asset type.
Taxation is the inherent power of the sovereign government to impose financial burdens on individuals and entities within its jurisdiction in order to raise revenue for legitimate government objectives. The primary purpose of taxation is to generate funds for public expenditures like education, healthcare, and infrastructure. Taxes are also used for non-revenue purposes like regulating industries through excise taxes. Taxation is considered an enforced contribution that is paid in money and is proportionate in character, levied on persons or property within the state's jurisdiction by the lawmaking body, and for public purposes.
This document provides an example computation of income tax for Mr. De Castro, a professor with a monthly salary of 85,000 pesos. It calculates his monthly and annual tax under two scenarios: as a single filer and as married with 4 dependents. As a single filer, Mr. De Castro's tax due is 270,792 pesos resulting in an overpayment of 55,608 pesos. As married with 4 dependents, his tax due is 238,792 pesos resulting in an overpayment of 87,608 pesos.
This document discusses the general principles of taxation according to a lecture on income taxation. It defines taxation as the means by which a government raises income to fund its necessary expenses. The primary purpose of taxation is to provide funds to promote citizens' welfare and finance government activities. Other purposes include strengthening industries, protecting local industries, and reducing inequality. The principles discuss the theory that government needs revenue and has the right to tax citizens in return for protection. A sound tax system should be fiscally adequate, impose equal burdens based on ability to pay, and be administratively feasible. The document also outlines constitutional and inherent limitations on taxation powers.
This document discusses concepts of taxation including definitions, principles, theories, structures, and characteristics of tax systems. It defines taxation as the process by which governments raise revenue to fund expenses through mandatory contributions imposed on individuals and organizations. The key principles discussed are the benefit principle, ability-to-pay principle, and equal-distribution principle. Taxes can be proportional, regressive, or progressive based on rates. The document also outlines forms of tax exemption and avoidance.
Taxation 101 basic rules and principles in philippine taxation by jr lopez go...JR Lopez Gonzales
The document discusses taxation in the Philippines, including:
1. It defines taxation as the imposition of financial charges by the government to raise revenues and fund government expenses.
2. It outlines the history of taxation from ancient times to its development under Spanish colonial rule and the establishment of taxes like the cedula.
3. It describes the main purposes of taxation as raising revenues, redistribution of wealth, repricing goods/services, and representation of citizens in government.
TEDx Manchester: AI & The Future of WorkVolker Hirsch
TEDx Manchester talk on artificial intelligence (AI) and how the ascent of AI and robotics impacts our future work environments.
The video of the talk is now also available here: https://youtu.be/dRw4d2Si8LA
Have you ever been confused by the myriad of choices offered by AWS for hosting a website or an API?
Lambda, Elastic Beanstalk, Lightsail, Amplify, S3 (and more!) can each host websites + APIs. But which one should we choose?
Which one is cheapest? Which one is fastest? Which one will scale to meet our needs?
Join me in this session as we dive into each AWS hosting service to determine which one is best for your scenario and explain why!
5th LF Energy Power Grid Model Meet-up SlidesDanBrown980551
5th Power Grid Model Meet-up
It is with great pleasure that we extend to you an invitation to the 5th Power Grid Model Meet-up, scheduled for 6th June 2024. This event will adopt a hybrid format, allowing participants to join us either through an online Mircosoft Teams session or in person at TU/e located at Den Dolech 2, Eindhoven, Netherlands. The meet-up will be hosted by Eindhoven University of Technology (TU/e), a research university specializing in engineering science & technology.
Power Grid Model
The global energy transition is placing new and unprecedented demands on Distribution System Operators (DSOs). Alongside upgrades to grid capacity, processes such as digitization, capacity optimization, and congestion management are becoming vital for delivering reliable services.
Power Grid Model is an open source project from Linux Foundation Energy and provides a calculation engine that is increasingly essential for DSOs. It offers a standards-based foundation enabling real-time power systems analysis, simulations of electrical power grids, and sophisticated what-if analysis. In addition, it enables in-depth studies and analysis of the electrical power grid’s behavior and performance. This comprehensive model incorporates essential factors such as power generation capacity, electrical losses, voltage levels, power flows, and system stability.
Power Grid Model is currently being applied in a wide variety of use cases, including grid planning, expansion, reliability, and congestion studies. It can also help in analyzing the impact of renewable energy integration, assessing the effects of disturbances or faults, and developing strategies for grid control and optimization.
What to expect
For the upcoming meetup we are organizing, we have an exciting lineup of activities planned:
-Insightful presentations covering two practical applications of the Power Grid Model.
-An update on the latest advancements in Power Grid -Model technology during the first and second quarters of 2024.
-An interactive brainstorming session to discuss and propose new feature requests.
-An opportunity to connect with fellow Power Grid Model enthusiasts and users.
Nunit vs XUnit vs MSTest Differences Between These Unit Testing Frameworks.pdfflufftailshop
When it comes to unit testing in the .NET ecosystem, developers have a wide range of options available. Among the most popular choices are NUnit, XUnit, and MSTest. These unit testing frameworks provide essential tools and features to help ensure the quality and reliability of code. However, understanding the differences between these frameworks is crucial for selecting the most suitable one for your projects.
HCL Notes and Domino License Cost Reduction in the World of DLAUpanagenda
Webinar Recording: https://www.panagenda.com/webinars/hcl-notes-and-domino-license-cost-reduction-in-the-world-of-dlau/
The introduction of DLAU and the CCB & CCX licensing model caused quite a stir in the HCL community. As a Notes and Domino customer, you may have faced challenges with unexpected user counts and license costs. You probably have questions on how this new licensing approach works and how to benefit from it. Most importantly, you likely have budget constraints and want to save money where possible. Don’t worry, we can help with all of this!
We’ll show you how to fix common misconfigurations that cause higher-than-expected user counts, and how to identify accounts which you can deactivate to save money. There are also frequent patterns that can cause unnecessary cost, like using a person document instead of a mail-in for shared mailboxes. We’ll provide examples and solutions for those as well. And naturally we’ll explain the new licensing model.
Join HCL Ambassador Marc Thomas in this webinar with a special guest appearance from Franz Walder. It will give you the tools and know-how to stay on top of what is going on with Domino licensing. You will be able lower your cost through an optimized configuration and keep it low going forward.
These topics will be covered
- Reducing license cost by finding and fixing misconfigurations and superfluous accounts
- How do CCB and CCX licenses really work?
- Understanding the DLAU tool and how to best utilize it
- Tips for common problem areas, like team mailboxes, functional/test users, etc
- Practical examples and best practices to implement right away
Let's Integrate MuleSoft RPA, COMPOSER, APM with AWS IDP along with Slackshyamraj55
Discover the seamless integration of RPA (Robotic Process Automation), COMPOSER, and APM with AWS IDP enhanced with Slack notifications. Explore how these technologies converge to streamline workflows, optimize performance, and ensure secure access, all while leveraging the power of AWS IDP and real-time communication via Slack notifications.
Best 20 SEO Techniques To Improve Website Visibility In SERPPixlogix Infotech
Boost your website's visibility with proven SEO techniques! Our latest blog dives into essential strategies to enhance your online presence, increase traffic, and rank higher on search engines. From keyword optimization to quality content creation, learn how to make your site stand out in the crowded digital landscape. Discover actionable tips and expert insights to elevate your SEO game.
Ocean lotus Threat actors project by John Sitima 2024 (1).pptxSitimaJohn
Ocean Lotus cyber threat actors represent a sophisticated, persistent, and politically motivated group that poses a significant risk to organizations and individuals in the Southeast Asian region. Their continuous evolution and adaptability underscore the need for robust cybersecurity measures and international cooperation to identify and mitigate the threats posed by such advanced persistent threat groups.
Generating privacy-protected synthetic data using Secludy and MilvusZilliz
During this demo, the founders of Secludy will demonstrate how their system utilizes Milvus to store and manipulate embeddings for generating privacy-protected synthetic data. Their approach not only maintains the confidentiality of the original data but also enhances the utility and scalability of LLMs under privacy constraints. Attendees, including machine learning engineers, data scientists, and data managers, will witness first-hand how Secludy's integration with Milvus empowers organizations to harness the power of LLMs securely and efficiently.
Skybuffer AI: Advanced Conversational and Generative AI Solution on SAP Busin...Tatiana Kojar
Skybuffer AI, built on the robust SAP Business Technology Platform (SAP BTP), is the latest and most advanced version of our AI development, reaffirming our commitment to delivering top-tier AI solutions. Skybuffer AI harnesses all the innovative capabilities of the SAP BTP in the AI domain, from Conversational AI to cutting-edge Generative AI and Retrieval-Augmented Generation (RAG). It also helps SAP customers safeguard their investments into SAP Conversational AI and ensure a seamless, one-click transition to SAP Business AI.
With Skybuffer AI, various AI models can be integrated into a single communication channel such as Microsoft Teams. This integration empowers business users with insights drawn from SAP backend systems, enterprise documents, and the expansive knowledge of Generative AI. And the best part of it is that it is all managed through our intuitive no-code Action Server interface, requiring no extensive coding knowledge and making the advanced AI accessible to more users.
Introduction of Cybersecurity with OSS at Code Europe 2024Hiroshi SHIBATA
I develop the Ruby programming language, RubyGems, and Bundler, which are package managers for Ruby. Today, I will introduce how to enhance the security of your application using open-source software (OSS) examples from Ruby and RubyGems.
The first topic is CVE (Common Vulnerabilities and Exposures). I have published CVEs many times. But what exactly is a CVE? I'll provide a basic understanding of CVEs and explain how to detect and handle vulnerabilities in OSS.
Next, let's discuss package managers. Package managers play a critical role in the OSS ecosystem. I'll explain how to manage library dependencies in your application.
I'll share insights into how the Ruby and RubyGems core team works to keep our ecosystem safe. By the end of this talk, you'll have a better understanding of how to safeguard your code.
Fueling AI with Great Data with Airbyte WebinarZilliz
This talk will focus on how to collect data from a variety of sources, leveraging this data for RAG and other GenAI use cases, and finally charting your course to productionalization.
Ivanti’s Patch Tuesday breakdown goes beyond patching your applications and brings you the intelligence and guidance needed to prioritize where to focus your attention first. Catch early analysis on our Ivanti blog, then join industry expert Chris Goettl for the Patch Tuesday Webinar Event. There we’ll do a deep dive into each of the bulletins and give guidance on the risks associated with the newly-identified vulnerabilities.
A Comprehensive Guide to DeFi Development Services in 2024Intelisync
DeFi represents a paradigm shift in the financial industry. Instead of relying on traditional, centralized institutions like banks, DeFi leverages blockchain technology to create a decentralized network of financial services. This means that financial transactions can occur directly between parties, without intermediaries, using smart contracts on platforms like Ethereum.
In 2024, we are witnessing an explosion of new DeFi projects and protocols, each pushing the boundaries of what’s possible in finance.
In summary, DeFi in 2024 is not just a trend; it’s a revolution that democratizes finance, enhances security and transparency, and fosters continuous innovation. As we proceed through this presentation, we'll explore the various components and services of DeFi in detail, shedding light on how they are transforming the financial landscape.
At Intelisync, we specialize in providing comprehensive DeFi development services tailored to meet the unique needs of our clients. From smart contract development to dApp creation and security audits, we ensure that your DeFi project is built with innovation, security, and scalability in mind. Trust Intelisync to guide you through the intricate landscape of decentralized finance and unlock the full potential of blockchain technology.
Ready to take your DeFi project to the next level? Partner with Intelisync for expert DeFi development services today!
How to Interpret Trends in the Kalyan Rajdhani Mix Chart.pdfChart Kalyan
A Mix Chart displays historical data of numbers in a graphical or tabular form. The Kalyan Rajdhani Mix Chart specifically shows the results of a sequence of numbers over different periods.
2. Automation of Global Value-Added Tax (VAT) and Reporting
2
Overview
VAT Technology Spectrum
– Tax Engines
– Reporting and Compliance
– Add-on Tools
VAT Technology Implementation Considerations
3. Automation of Global Value-Added Tax (VAT) and Reporting
3
Business Event
Indirect Tax Business Process Lifecycle
Each business event
triggers a series of
events in the
indirect tax
process...indirect
tax does not end
with "calculation"
Successful
management of
indirect tax relies
heavily on various
technology
components
4. Automation of Global Value-Added Tax (VAT) and Reporting
4
The transaction data in the ERP system is the foundation for
VAT compliance
Returns
Complete
Transaction Data
Verify /
Reconcile
data
Access to
“non-
system”
data
Accurate Transaction Data
Posted in accordance
with Tax Law / Policy
Correct
“Master
Data”
OnTime
“OnBudget”
5. Automation of Global Value-Added Tax (VAT) and Reporting
5
What is Tax Technology for VAT?
Technology/tools used to manage VAT obligations may include:
– Tools for tax rule determination, tax rate decisions, tax amount
calculation, and reporting codes based on input variables from the ERP
and other source systems (i.e.,“Tax Engine”)
– Technology to manage ERP tax data and workflows for reporting,
compliance, customer facing documents, cash remittance, returns, etc.
6. Automation of Global Value-Added Tax (VAT) and Reporting
6
What role(s) can technology play in the VAT process?
• Getting more, less and/or better data out of source system(s)
Data extraction / transformation
• Doing things with extracted data
Data processing / management
• Includes exception reporting, graphical dashboards or a combination of both
Testing / Analysis (a.k.a.“Detection versus prevention”)
• Automating the selection of tax codes and/or consistently applying logic
Tax determination (a.k.a.“Prevention versus cure”)
• Re-presenting data in a format for filing (paper or electronic)
External Reporting
• Tools / Applications for undertaking specific tasks
Special / Single Purpose
7. Automation of Global Value-Added Tax (VAT) and Reporting
7
Tool selection – a simple example:
– Hammer
Core purpose 1: Putting in nails
Core purpose 2: Taking out nails
Secondary use: Putting in screws…
“…From a 12-oz. curved-claw hammer to a Japanese hammer to a 2-lb. mason's lump
hammer or a brass-headed mallet, Mario Rodriguez describes the uses of each of his
favorite 13 hammers and explains why he likes them best…”
Source: http://www.finewoodworking.com/tool-guide/article/hammers-and-mallets.aspx
Selecting the Right Tools
8. Automation of Global Value-Added Tax (VAT) and Reporting
8
Extract /
transform
Process /
Manage
Test / Analyze Determine
Tax
External
Report
Corrections
Custom
Report
Extract + Ltd
Transform
eExtract Extract + Ltd
Transform
Spreadsheet
/ Database
Ltd Transform Process + Ltd
Manage
(Ltd?) Test +
Analysis
Ltd
Corrections
IDEA /
Monarch Pro
Transform Process + Ltd
Manage
Ltd Test +
Analysis
Data
Warehouse
Extract +
Transform
Process (+ Ltd
Manage)
Test + Analysis
Tax Engine /
ERP Config
Analysis Determine Tax Reporting
Returns
Solution
Ltd Transform Process + Ltd
Manage
Ltd Test +
Analysis
Returns Corrections?
iTAC Ltd Transform Process +
Manage
Test + Analysis Reporting Corrections
Tax Technology Solutions Spectrum – 13 “Hammers”
9. Automation of Global Value-Added Tax (VAT) and Reporting
9
Overview
VAT Technology Spectrum
– Tax Engines
– Reporting and Compliance
– Add-on Tools
VAT Technology Implementation Considerations
10. Automation of Global Value-Added Tax (VAT) and Reporting
10
Native ERP
Type of VAT “Tax Engines”
3rd Party Custom
– Legal entities, tax
codes, default
decisions based
on customer,
product, vendor
– No tax rates or
content
– Lacks ability to
handle
complexity
– Includes tax
content and
rates
– Standard
interfaces for
major ERP
– Allows for
centralization of
decisions and
reporting
– Custom code in
ERP
– Legacy systems
with limited
indirect tax
functionality
– Non-standard
integrations with
other tax tools
11. Automation of Global Value-Added Tax (VAT) and Reporting
11
ERP
System
Invoice
AP Clerk
Purchase
Order
Requisitioner
VAT Manager
Select Tax Code Change Tax
Code?
VAT
Process
ERP Process Without Optimized Tax Engine
12. Automation of Global Value-Added Tax (VAT) and Reporting
12
ERP
System
Invoice
AP Clerk
Purchase
Order
Requisitioner
Select Tax Code
VAT
Process
Tax
Engine
Optimizing the Tax Decision with Tax Engine
VAT Manager
13. Automation of Global Value-Added Tax (VAT) and Reporting
13
Invoice
ABC Supplier Ltd
FCA
NL123456789B01
Widgets €1.000
Company details and registration set up
– Acme UK Ltd – Company 1000
UK VAT Reg’n – GB123456789
PO / Invoice details identify:
– Vendor
Vendor’s“Ship From”address
INCOTERMS ≈ Place of Supply
Vendor’s Registration
– Nature of Purchase
» Default to SR unless exception found
Tax engine applies rule to determine tax
– UK acquisition of goods – 20% IT & OT
How Does a Third-Party Tax Engine Work?
14. Automation of Global Value-Added Tax (VAT) and Reporting
14
ERP data elements are“mapped”to the tax engine’s equivalent
– Once“mapped,”the tax engine provider keeps the rates in line with
legislative changes for supported countries
Customization is possible and, in most cases, necessary
– More complex cases require more customizations
E.g., How to identify a zero rated dispatch within a chain transaction
ERP Tax Engine
tə-MAH-toh tə-MAY-toh
How Does a Third-Party Tax Engine Work?
15. Automation of Global Value-Added Tax (VAT) and Reporting
15
Overview
VAT Technology Spectrum
– Tax Engines
– Reporting and Compliance
– Add-on Tools
VAT Technology Implementation Considerations
16. Automation of Global Value-Added Tax (VAT) and Reporting
16
Indirect Tax Reconciliation and Reporting Tools
Native ERP tax engines (Oracle, SAP, Peoplesoft, JD Edwards, etc.)
– Limited set of pre-defined tax reports and ability to customize but only if
good data available in ERP
Third-Party tax engines (Vertex, Onesource, Avalara,Taxware, etc.)
– Reports with more granular tax data available from the tax engine
database/subledger
Add-On Reporting Tools (e.g., Business Intelligence, Cognos, etc.)
– Ability to develop extraction tool from an ERP system into data
warehouse for reporting
Reconciliation Tools
– Compare amounts at the document level between your general ledger
and your tax subledger to identify variances
17. Automation of Global Value-Added Tax (VAT) and Reporting
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Indirect Tax Compliance Tools and Workflow
ComplianceTools
– Pre-defined and customizable tax return forms for filings
– No tax engine implementations required – data can be from any source
and in basic format
18. Automation of Global Value-Added Tax (VAT) and Reporting
18
How Do Reporting and Compliance Tools Work Together?
Transforming source data to import into solution format
Mapping source system tax code to reporting solution tax code
Tax Code Tax Base VAT Gross Deductible Non-Deductible
V1 100 20 120 20 0
Box 1
Box 2
Box 3
Box 4 20
Box 5
Box 6
Box 7 100
Box 8
Box 9
19. Automation of Global Value-Added Tax (VAT) and Reporting
19
Examples:
– Different reports
– Custom reports
– “Bolt-on”to the source system
– Stand-alone transformation applications
More data:
– “De-normalization”of data to feed further calculations, analysis, etc.:
Transaction Report Vendor Master Table
Doc No Vendor No Vendor No Name Country Etc.
1000000 12345 12345 Acme Ltd GB
Data Extraction and Transformation for Reporting
20. Automation of Global Value-Added Tax (VAT) and Reporting
20
Less data:
– Filtered data, such as exception reports, to facilitate review
“Better”data:
– Often employed for converting“information”(i.e., something laid out for
human consumption) back to“data”
– Usually necessary if using reports in a way not intended (i.e., to use
report“data”to supplement further analysis)
Types of Reporting Data
22. Automation of Global Value-Added Tax (VAT) and Reporting
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Overview
VAT Technology Spectrum
– Tax Engines
– Reporting and Compliance
– Add-on Tools
VAT Technology Implementation Considerations
23. Automation of Global Value-Added Tax (VAT) and Reporting
23
Other Indirect Tax Technology Add-Ons
Workflow Solutions
– Approval workflows, calendars and assignments for the tax organization
to manage returns processing
– Manage and track work papers in a central repository
VAT Registration Management
– Add-on tools to verify formats and/or validity of customer and supplier
of VAT registrations
24. Automation of Global Value-Added Tax (VAT) and Reporting
24
Other Indirect Tax Technology Add-Ons
Batch Processing Testing and Simulation Tools
– Setup of large volume of transaction data and expected results validate
results from tax engines
– Easy way to run a large volume of test cases in the“push of a button”
Vendor Tax Variance Reports
– Tool to compare and process variances vendor charged tax to expected
tax based on setups in a tax engine
25. Automation of Global Value-Added Tax (VAT) and Reporting
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Overview
VAT Technology Spectrum
– Tax Engines
– Reporting and Compliance
– Add-on Tools
VAT Technology Implementation Considerations
26. Automation of Global Value-Added Tax (VAT) and Reporting
26
Expected Benefits of VAT Automation
Manage tax risk
Save money
Improve visibility
Increase scalability/flexibility
Create a central repository of rates and rules
Expand control points for tax determination
Enhance reporting capabilities
Compliant customer facing documents
27. Automation of Global Value-Added Tax (VAT) and Reporting
27
Typical Budgets and Timeline for Tax Technology
License fees for third party vary greatly (10k annually to 250k
annually)
Implementation services (excluding software costs) have many
variables, but some general benchmarks for the most typical scope
would be:
– Tax Process Assessment (TPA): 2-6 Weeks, 10k–40k
– Software Vendor Selection: 4-12 Weeks, 10k–40k
– Third-Party Tax Engine Implementation for US/CA: 2-12 Mos., 30k–250k
– Third-Party Tax Engine Global Implementation: 9-18 Mos., 250k–3MM
– Upgrades, reporting, compliance solutions, and add-on tools – 2–6 Mos.,
50k–250k
28. Automation of Global Value-Added Tax (VAT) and Reporting
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Identifying the “Right” Tools
Considerations
– What is the complexity, volume, and tax profile of your supply chain?
– What are the current failure modes and pain points?
Audit exposure, assessments, penalties
“Waste”of manpower on activities that are not value-add (manual
processing, rework)
Risk
– What tools are already being used and are they optimized?
– What is the business case for each type of technology?
Solution cost vs. benefit
Opportunity cost of“do nothing”
29. Automation of Global Value-Added Tax (VAT) and Reporting
29
How to Prepare for a Tax Technology Project
Understand the project scope, team structure, timeline, and success
factors
– Confirm and document key business trading models and tax
requirements for all countries in scope
– Understand business or IT policy, schedule, budget, and resource
dependencies that may impact project timeline and scope
– Identify process owners, shared services, and IT resources and confirm
skillset and availability
– Define measurements for expected benefits
– Evaluate possible solutions
– Prepare business case
30. Automation of Global Value-Added Tax (VAT) and Reporting
30
Lessons Learned and Best Practices
Quality and completeness of business transaction data are critical
– Understand availability of key business data elements that are tax
sensitive
VAT registrations for customers and suppliers
Address data (ship from, ship to, sold to)
Delivery terms or Incoterms
Product categories or commodity codes
In the absence of incomplete or inaccurate data, there must be a
defined leader empowered to make practical decisions about tax policy
within the limitations of the technology
31. Automation of Global Value-Added Tax (VAT) and Reporting
31
Lessons Learned and Best Practices
DO NOT treat indirect tax projects as a technical project but rather as a
business policy and process project that requires careful change
management
– Effective deployment must balance compliance, process, systems, and
people
– 30% of the solution is technical; 70% is process, policy, and people
The journey is not complete at Go-Live!
– Make sure your ERP Team provides for go-live support to troubleshoot
tax issues and resolve in production
– Billing and purchasing processing may look different in production
compared with testing. This will impact indirect taxes
32. Automation of Global Value-Added Tax (VAT) and Reporting
32
Contact Information
Tony Chavez
Principal
Ryan
Tax Technology (Scottsdale)
tony.chavez@ryan.com
602.567.0890
Angela Myers
Director
Ryan
Tax Technology (Chicago)
angela.myers@ryan.com
312.980.1155
Jun Miyake
Director
Ryan
Tax Technology (London)
jun.miyake@ryan.com
+44 (0) 20 7257 8516