SOLUTION FOCUS: Asset Arena Taxation
Navigating tax issues across geographies for your global investments can be a daunting challenge. Mistakes can be costly and hurt not only financial performance, but also your organization’s reputation. You need the flexibility to stay on top of tax and legal changes and make updates as they happen without cumbersome processes to slow you down.
Asset Arena Taxation specializes in calculations and reporting on taxation for specific rules in selected countries. It integrates easily with Asset Arena Investment Accounting and other fund accounting solutions. The separation from the accounting solution allows for a faster implementation of new countries in a global environment and for a fast adoption of legal changes without impacting the core systems.
- Incorporates core profit calculation methods: WAV, FIFO, SIPD (HIFO, LIFO)
- Imports data and runs it independently from back-office systems
- Integrates with Asset Arena or other front- and back-office systems
- Issues standard reports and provides customization options
- Offers a specialized South African Capital Gains Tax module
- Provides flexible and efficient implementation of complex taxation regulation requirements
- Help enable quick implementation of new countries
- Reduces risk of system interdependencies
- Standard reports approved by tax authorities