Join us in this SAP Webinar hosted by Jade Global to understand how you can reduce risk and increase efficiency by effectively using SAP to manage Withholding Tax. Read more.

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How to Leverage SAP To Meet
Withholding Tax Challenges

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Tax Type in SAP
When your organization expands its reach beyond
borders, it becomes important to understand and adapt
to the legal and statutory requirements of local
government agencies.
Withholding tax SAP configuration is a crucial topic for
organizations doing business across multiple countries.
SAP addresses these needs with a robust solution that
includes process, data, and reporting capabilities
to manage the diverse world of withholding tax
requirements!

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1. Increasing Complexity:
The complexity of the U.S. tax system is due to the extensive tax
laws that cover various situations, including international
business. With more U.S.-based multinational businesses
becoming subject to withholding tax liabilities, tax compliance has
become even more challenging. As businesses grow in size and
have more overseas subsidiaries, it becomes increasingly difficult
to manage taxes and determine their correct liability. As a result,
calculating tax liability can be uncertain, leading to difficulties in
tax payment.
Challenges associated with Managing
Withholding Taxes

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2. Compliance the BIG ‘C’:
As withholding regulations continue to multiply and change, companies
are increasingly challenged with maintaining withholding tax compliance
across their client and vendor base. The complexity of accurate
payment classifications, the lack of centralized information, business
operations that are often not integrated between finance and tax
departments, as well as the proliferation of new global and domestic
withholding regulations, all contribute to increased levels of risk for
companies.

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3. Overburdening Manual Processes:
The management of withholding tax is burdened by manual
processes that are costly, labor-intensive, and error prone. The
information management systems are required to manage
withholding tax leave a huge paper trail and do not provide an
automated audit trail for the relevant information.
It involves identifying and matching the appropriate documents to
apply the necessary tax calculations. Another challenge arises
from the lack of consistency in the form and content of these
documents.

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3. Managing Withholding Tax with SAP:
SAP provides a solution for organizations to manage their tax risk
effectively while reducing costs and IT complexity. It offers a single
integrated platform for all aspects of Withholding Tax Management,
enabling businesses to manage tax complexity and control it
efficiently. The solution provides near real-time reporting and reduces
the time and cost of data transfer. SAP's solutions are a game
changer and can help organizations achieve effective compliance,
ensuring their reputation and shareholder value are not compromised.

7. Jade Global, an SAP Partner will discuss:
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How SAP can streamline and automate your processes and implement systems to drive
better outcomes for your organization.
Easy ways to map Withholding Tax (WHT) leveraging standard SAP
How your legal and statutory compliance around WHT can be simplified
Transforming your Tax process to make it more efficient
If you are looking for a more careful, efficient way to manage compliance, watch Jade Global’s on demand
SAP webinar on Withholding Taxes. You will learn how SAP can help you prepare and manage WHT by
navigating the statutory and legal areas. You will learn how to make your WHT compliance simple, easy, and
efficient.

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1731 Technology Drive, Suite 350
San Jose, CA 95110, USA
Phone
+1-408-899-7200
Email
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Website
www.jadeglobal.com
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Headquarters
1731 Technology Drive, Suite 350
San Jose, CA 95110, USA
Phone
+1-408-899-7200
Email
info@jadeglobal.com
Website
www.jadeglobal.com
USA I CANADA I UK I AUSTRIA I INDIA
www.jadeglobal.com
THANK YOU
To Know More About our Services, Visit:
https://www.jadeglobal.com/sap