What is eTaxAudit International?
Many tax authorities require companies to submit accounting data and supporting details formatted as an XML file. While there is commonality of data, each government can impose their own formatting and file layout requirements. These governmental requirements are conveyed to the taxpayer in XML Schema Definition (XSD) files. While defining their standards, governments generally follow the Standard Audit Files for Tax (SAF-T) guidelines per the Organisation for Economic Co-operation and Development (OECD). |
Both the XSD and XML files are complex and hierarchical in nature, interpreting them can be difficult. eTaxAudit facilitates the process by storing the XSD in a database friendly format and allowing for configuration, versus custom programming, to format business transaction and master data according to the government defined requirements.
Regardless of country or report, eTaxAudit can generate XML files from SAP data or imported external data! |
How Does it Work?
eTaxAudit is a custom tool, developed and maintained by Enterprise Tax Solutions, Inc. The purpose of eTaxAudit is to extract tax-relevant transaction and master data from SAP, and format it in accordance with governmental tax authorities’ requirements. eTaxAudit creates XML files in compliance with ad-hoc tax audit requests as well as daily, monthly, quarterly, and annual tax submissions. |
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