This means that all the standard SAP tax related reports continue to function. For the reporting Taxmarc makes use of standard SAP reports which are optimized when needed and the new Taxmarc fields are integrated for additional clarity.
Thanks to the integrated Tax Control Framework, a 100% first time data accuracy can be achieved. So, the data you will have in your reporting (both SAP standard and Taxmarc specific) will be accurate and reliable and does not need manual correcting during your month end close.
Additionally, Taxmarc offers the Compliance Reporting Solution module which is built and deployed within the SAP environment. This module offers a common reporting platform that is capable of handling SAF-T, SII (real time reporting) and e-invoicing. It enables you to digitally transform and automate your indirect tax compliance reporting by generating correct XML files fully automatically and submitting them in a predefined format to the relevant tax authorities.