What is Thomson Reuters ONESOURCE?
Thomson Reuters ONESOURCE Indirect Tax Sales & Use Tax Compliance solution streamlines the tax return process with its comprehensive capabilities. The web-based platform provides users with complete control over their tax compliance, resulting in improved efficiency, reduced costs, and eliminated software maintenance
Highlights
- Covers corporate income tax, sales and use tax, and VAT determination for global operations, including complex regions like South America and India
- Integrates with accounting and eCommerce solutions to increase the accuracy of tax calculations, manage exemption certificates, and prepare tax returns for the United States and Canada
- Automates the application of new tax rates and rules without disrupting operations, freeing up time for strategic initiatives
- Built on cloud-native technology to enable seamless updates and eliminate the need for manual, repetitive work in sales processes