Tobacco Excise Tax Real-Time Identification and Computation
Avior Tobacco Tax (TobTax) Determination provides automated identification and calculation of indirect taxes for transactions associated with tobacco products. With the complexity of ever-changing tax rules and rates, an in-house tobacco tax system is hard to maintain and can be easily replaced by a real-time determination engine with comprehensive support for all jurisdictions and tax procedures.
Excise and Sales & Use taxes are an important part of a tobacco transaction. Any tax determination errors can impact sales margins, cause tax liabilities, and possible penalties. A more accurate and transparent tax determination engine will greatly benefit tobacco suppliers, distributors, and traders. Avior TobTax Determination web service is used by tobacco, e-cigarette, and vape distributors to add excise tax due to transactions in real-time.
Determination connects to any back-office accounting system, simplifying and automating the taxes necessary for any tobacco transaction such as invoices, sales and purchase orders. This has major impact on decreasing IT costs associated with continuous management of custom software and the ever-changing jurisdictions tax rules and rates.
Tax analysts can stop spending time on monitoring, implementing, and managing support for new tax rules and jurisdictions. With ongoing timely tax rules and rate updates, Avior TobTax Determination guarantees compliance accuracy, relieving tax departments from handling the complexity of changing rules and rates. Your customer support team will spend less time processing customer inquiries, resulting in cost reduction. Avior TobTax Determination makes it effortless to clearly understand calculated tax amounts and the rules and rates that is used into their determination. With thousands of tax rates and continued rule changes, this tax determination transparency clearly provides benefits for IT, Tax Accounting, and customers.