ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS

Transcription

1 REUTERS/Jo Yong-Hak ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS ALIGN AND STREAMLINE YOUR TAX PLANNING WORKFLOW FOR CROSS-BORDER TRANSACTIONS ACROSS MULTINATIONAL ENTITIES

2 ALIGN YOUR GLOBAL TAX UNIVERSE The universe of global tax is intricate and constantly shifting. Staying on top of these shifting changes around the globe is a challenge, but is absolutely critical to the management and compliance of your organization. Orbitax Essential International Tax Solutions on Checkpoint World is the comprehensive dashboard that aligns your tax planning needs across all of your global businesses. With its extensive and powerful research and analysis tools, you ll be able to complete your global tax requirements efficiently and develop business strategies that align with ever-changing and complicated compliance regulations. 2 ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS

3 Checkpoint World and Orbitax are designed to work in alignment with each other to deliver a complete end-to-end solution for all your global tax research needs. Our Orbitax solutions will help you streamline your global cross-border tax efforts and your research workflow by minimizing cost inefficiencies, maximizing time efficiencies, and mitigating risk. ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS 3

4 RESEARCH & PLANNING Easily navigate through the business environment and tax rules of their various entities with our comprehensive tax research, integrated with extensive planning tools that allow you to model various tax scenarios to determine the optimal tax planning strategies for your transactions and entities. Country Analysis provides summaries of key tax legislation and tax rates Withholding Tax Minimizer provides an analysis of all possible transaction combinations and displays the top 20 lowest withholding tax routes Tax Treaties Repository of worldwide tax treaties translated into English 4 ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS

5 RESEARCH & PLANNING Research Dashboard Country Analysis provides summaries of key tax legislation and tax rates, including: Country Snapshots showing summaries of key international tax legislation including tax attribute carry-forwards Country Tax Guides - Key tax rules for multinational companies doing business outside their home country, including forms of doing business, corporate and withholding tax rules for resident and non-resident businesses, anti avoidance rules, and indirect tax rules. There are also tools to compare rules across countries and create reports in Excel and PDF. Listing of all global tax administration sites for each country to enable direct access to underlying data sources directly from the source Rates Compare tax rates across various entities, including corporate tax rates, surtaxes, and effective tax rates listing corporate tax rates for the current year, the past five years, and approved changes for future years Tax Treaties Repository of worldwide tax treaties translated into English Tax Memos Automatically generate memos with calculations for tax return due dates, interest and penalties, net operating losses (NOL) carry-forwards, transfer pricing ratios, etc. Strategies Detailed guidance on how to use the software features to implement eight tried and tested international tax strategies and assemble the results in one comprehensive report. The strategies include avoiding a permanent establishment, maximizing tax incentives, maximizing transfer pricing, maximizing interest deductions, minimizing withholding taxes, maximizing exemptions and foreign tax credits and deferral. News provides updated alerts on approved changes in domestic rules, proposed changes in domestic rules, and treaty developments. planning tools Worldwide Tax Calculator provides a modelling template to calculate worldwide taxes for various tax scenarios such as multiple years, changes in entity structure and impact of cross-border transactions including dividend distributions, interest and royalty payments, and more. Transaction Calculator calculates the total tax cost and benefits of cross-border transactions Multiple Payment Optimizer calculates the total tax cost and benefits of cross-border transactions, with the ability to model constraints Withholding Tax Minimizer provides an analysis of all possible transaction combinations and displays the top 20 lowest withholding tax routes. RESEARCH & PLANNING TOOLS COVER THESE COUNTRIES: Algeria Argentina Australia Austria Bahamas Bahrain Barbados Barbados IBC Belarus Belgium Bermuda Bolivia Brazil British Virgin Islands British Virgin Isl. IBC Bulgaria Cameroon Canada Cayman Islands Chile China (People s Rep.) Colombia Costa Rica Croatia Cyprus Czech Republic Denmark Ecuador Egypt El Salvador Estonia Finland France Gabon Germany Gibraltar Greece Guatemala Hong Kong Hungary Iceland India Indonesia Iran Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Kazakhstan Kenya Korea (Rep.) Kuwait Latvia Lebanon Liechtenstein Lithuania Luxembourg Lux Hold C Malawi Malaysia Mali Malta Mauritius Mexico Monaco Morocco Netherlands Neth. Antilles New Zealand Nicaragua Nigeria Norway Oman Pakistan Panama Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Romania Russia Saudi Arabia Senegal Singapore Slovak Republic Slovenia South Africa Spain Sri Lanka Sweden Swiss Dom C Switzerland Taiwan Thailand Togo Trinidad & Tobago Tunisia Turkey Ukraine United Arab Republic United Kingdom United States Uruguay Venezuela Vietnam Zimbabwe ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS 5

6 COMPLIANCE Compliance analysis and tools help ensure that you are meeting compliance standards and filing deadlines, while allowing team members around the world to collaborate and share information. Country Analysis: Anti-Avoidance Checklists provides data on general domestic anti-avoidance laws, LOB clauses, transfer pricing, CFC rules and thin capitalization rules. 6 ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS

7 COMPLIANCE compliance solutions COMPLIANCE TOOLS COVER THESE COUNTRIES: Country Analysis: Compliance Checklists provides a summary of key tax compliance information by country Country Analysis: Anti-Avoidance Checklists provides data on general domestic anti-avoidance laws, LOB clauses, transfer pricing, CFC rules and thin capitalization rules. Forms Key tax forms translated into English for 80+ countries, including corporate tax return forms, treaty benefit claim forms, withholding tax reporting forms etc. The functionality also provides an unofficial translation of any imported documents or forms in PDF. Interest & Penalty Calculator calculates and manages risks associated with late or insufficient compliance. Collaboration provides an archive for key documents associated with specific entities and transactions within user-defined folders, including a Tax Compliance calendar that enables the tracking of deadlines for filing of forms and sending of task reminders to various members of the team. Forms Key tax forms translated into English for 80+ countries. Argentina Australia Austria Azerbaijan Bahamas Barbados Belgium Bermuda Brazil British Virgin Islands Bulgaria Canada Cayman Islands Chile China (People s Rep.) Colombia Croatia Cyprus Czech Republic Denmark Egypt Estonia Finland France Germany Gibraltar Greece Hong Kong Hungary India Indonesia Ireland Isle of Man Israel Italy Jamaica Japan Jersey Kazakhstan Kenya Korea (Rep.) Kuwait Latvia Lithuania Luxembourg Malawi Malaysia Malta Mauritius Mexico Netherlands New Zealand Nigeria Norway Pakistan Philippines Poland Portugal Puerto Rico Qatar Romania Russia Singapore Slovak Republic Slovenia South Africa Spain Sri Lanka Sweden Switzerland Taiwan Thailand Trinidad & Tobago Turkey United Arab Emirates United Kingdom United States Venezuela Vietnam Zimbabwe ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS 7

8 CHARTING Entity Charting functionalities enable you to organise entity and transaction data into a visually representative format. Entity Designer and Entity Data create and maintain global entity structure Transactions input and display past, current, and future transactions 8 ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS

9 CHARTING charting solutions Entity Designer and Entity Data create and maintain global entity structure and entity attributes, and display them in graphic and tabular format. Entity Chart Playbook customized PDF report with detailed charts of global entity structure, spreadsheets with selected entity and transaction data, document attachments, table-of-contents and index. Transactions input and display past, current, and future transactions Organiser enables the tracking and assignment of tasks Corporate Tax and Withholding Tax enables the tracking of corporate and withholding tax information across entities loaded into Entity Data. Workbooks enable users to upload excel files with entity data and map it into the entity chart import template. The template can then be used to create a graphical representation of the legal entity chart. In order to update the entity chart, upload the updated source excel files. ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS 9

10 CHECKPOINT WORLD Checkpoint World offers customized modules of Orbitax, so you can select the solution that best aligns with your needs. Research & Planning Solution Compliance Solution Entity Chart - Up to 100 Entity Chart - Up to 200 Entity Chart - Up to 300 Entity Chart - Up to 400 Material Codes (TA61) - EMEA Material Codes (TA78) - AsiaPac, LatAm, and US RESEARCH & PLANNING SOLUTIONS Country Analysis - Country Snapshots Country Analysis - Country Tax Guides Country Analysis - Links to Tax Administration sites Global Tax Rates Tax Treaties Tax Memos International Tax Strategies News Worldwide Tax Calculator Transaction Calculator Multiple Payment Optimizer Withholding Tax Minimizer COMPLIANCE SOLUTIONS Compliance Checklists Anti-Avoidance Checklists Key Tax Forms translated into English Interest & Penalty Calculator Collaboration Tools - Task Organiser, Document Repositories & Tax Compliance Calendar CHARTING SOLUTIONS Entity Designer and Entity Data Tree View Entity Chart Playbook Transactions Module Workbooks 10 ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS

11 NOTE: Orbitax Tax Management Expert (TME) and International Compliance Expert (ICE) referenced in the chart are legacy products and are no longer sold as of Entity Chart Essential Solutions - Up to 100 Essential Solutions - Up to 200 Essential Solutions - Up to 300 Essential Solutions - Up to 400 Essential Solutions for Small & Medium Corporations for Small & Medium Advisory Firms Tax Management Expert (TME) International Compliance Expert (ICE) Tree View ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS 11

12 FOR MORE INFORMATION Call Call: ASIA PACIFIC Australia & New Zealand Toll free: China TEL: Hong Kong, Singapore, and Taiwan TEL: India TEL: Korea TEL: EUROPE, MIDDLE EAST & AFRICA UK Toll Free: TEL: checkpointworldinfo@thomsonreuters.com Facebook: facebook.com/checkpointworld Twitter: twitter.com/checkpointworld About Thomson Reuters Thomson Reuters is the world s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. For more information, go to thomsonreuters.com. The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Headquartered in New York, Tax & Accounting has major operations in Dallas, Ann Arbor (Michigan), London, Sydney, and Toronto, and offices in ten countries. About Orbitax Orbitax provides a range of international tax decision support, data management and analysis tools, seamlessly linked to the underlying tax laws and regulations of 120 countries. Our solution based offerings allow tax professionals to dramatically reduce the time spent on research, compliance, entity data management and modelling the worldwide tax impact of cross border transaction and entity chart changes with a view to optimizing cash flows tied up in taxation. Thomson Reuters 3 Times Square New York, NY Contact Us checkpointworld.com yourcheckpoint.thomsonreuters.com/orbitax 2013 Thomson Reuters. Checkpoint and WG&L are registered trademarks of Thomson Reuters (Tax & Accounting) Inc. All rights reserved. All other trademarks listed herein are the property of their respective owners. T