Compliance

Ensuring Adherence to Varying Regional Legislation

Virtual Trader is a repository for holding and applying the varying statutory regulations relating to international trade.
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Compliance

Ensuring Adherence to Varying Regional Legislation

Virtual Trader is a repository for holding and applying the varying statutory regulations relating to international trade.

Centralized Compliance for the Whole Enterprise

Most tax authorities have specific requirements around intercompany invoicing, for it displays revenue and ultimately taxation.

Virtual Trader handles multi-tier tax structures, such as India and Canada, and uses them to produce intercompany accounting. Virtual Trader has tax evaluation capability but also uses web service call technology to integrate with third-party tax engines to evaluate and report transactional taxes, such as sales tax, VAT, and withholding tax.

Virtual Trader retains a history of all intercompany transactions produced for statutory audit purposes. Transfer Price Agreements—often using more complex calculations based on General Ledger period balances—produce cross-company revenue and thus come under greater scrutiny by the authorities. For these sensitive activities, Virtual Trader retains all source data, calculation steps, and results to fully satisfy statutory compliance.

12. Challenges Settling IC with EBS

Virtual Trader intercompany will produce:

  • Compliant invoice register
  • Flexible invoice numbering sequences
  • Legal declarations
  • Transactional tax
  • Multi-language
  • Flexible layouts
  • Embedded graphics
Request a Demonstration
For a closer look at Virtual Trader and the tools it offers to streamline your full intercompany life cycle, book a demonstration today.

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Read how Virtual Trader has solved the intercompany challenges of multinational companies.

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