Our Solutions > Oracle Cloud (Fusion) Reporting

The Oracle Cloud tax engine has been integrated with Tax Box Allocations to provide a powerful and robust tax reporting solution

Providing Oracle Cloud users with an enhanced Tax Box Allocation process and reporting. Our unrivalled approach and unique ‘Tax Chart of Accounts’ means we can provide multiple reports using Oracle’s Tax Box Allocations.

The Innovate Tax philosophy is to develop pre-designed, proven Indirect Tax solutions based on our vast Oracle experience and Indirect Tax knowledge.  With this in mind, we have developed the ‘Tax Chart of Accounts’, which contains all possible combinations of country, transaction type, source VAT status, tax rate and recovery rate.

We have combined the ‘Tax Chart of Accounts’ with the Tax Box Allocation process and reporting to deliver a common, global solution for all our customer’s tax reporting needs. The result, is an ability to produce multiple detailed reports from VAT returns, detailed VAT reports and MOSS reports. This will also be extended to work with any localised reporting or SAF-T requirement.