taxbox™
taxbox™ is an online application specifically designed to bring an end to the compliance headaches associated with IPT, parafiscal and indirect taxes. taxbox™ is offered on a Software-as-a-Service basis to clients and automates the end-to-end tax calculation and settlement process. It takes users’ own insurance premium data and automatically matches their business classes to the appropriate local tax code for any EU member state or non-EU territory. Then, using our unrivalled knowledge of the varied IPT rules, rates and regulations applied by individual countries, taxbox calculates and generates the appropriate tax returns in PDF format, ready for signature and filing. Also, through taxbox, we are extending our capabilities beyond the EU to offer compliance solutions for IPT and parafiscal taxes payable in North America and the Rest of the World.taxbox™ is a remotely hosted software application, accessed via a simple Internet browser. We monitor, manage and back up taxbox on your behalf. This also ensures that users always benefit from the latest tax information, as we can immediately update the system with any changes. taxbox is hosted in a highly secure, state-of-the-art data centre, and runs on the Solaris operating system on fault-tolerant Sun hardware.
taxbox™ is a very powerful tool for captive managers, global insurers and small to mid-size providers, all of whom are under growing
pressure to demonstrate tax compliance at all times. It tackles each of their needs in a different way, giving them flexible tools and the most up-to-date IPT information. In designing taxbox™ we went to great pains to develop a system that is easy to use and understand. taxbox™ is entirely compatible with users’ own technologies, businesses classes and work flows. Users simply upload their premium data in their preferred bordereau format using a standard Microsoft Excel (.xls) or comma-separated values (.csv) file; taxbox then automatically maps those business classes to the appropriate tax codes for each territory, although users are able to view and fine tune its allocations if required. All tasks and information are accessed via taxbox’s clear and intuitive IPT Dashboard, which presents in a single screen everything the user needs to manage their accounts.
The key to taxbox’s appeal is that the technology is hidden behind the scenes. Although we have matched advanced Internet technologies with a vast tax database, it is simple for the most junior employee to use. Anyone who has booked a holiday online will be comfortable with the taxbox interface and immediately understand how to make it work for them.
taxbox™ currently covers Europe and is being extended to cover IPT and parafiscal taxes payable in North America and the rest of the world.
If you would like to discuss further with one of our representatives contact us
