The COMTAX® System
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The COMTAX System ensures tax compliance, structuring and reporting is achieved in the most efficient way possible.
COMTAX completes detailed, complex, cross border transactions in minutes – otherwise impossible to achieve manually. COMTAX will rapidly identify optimal repatriation routes and the tax impact for every possible transaction. Underpinned by a continually updated database covering 131 jurisdictions and containing corporate income tax and withholding tax rates and tax treaty information COMTAX illustrates optimal dividend, interest payment, royalty and fee repatriations. COMTAX will calculate in seconds the capital gains tax consequences of disposal of an overseas group subsidiary. Not only that, it will identify the optimal disposal timing, taking ownership levels and length of ownership into consideration. Use the Thin Capitalisation Module to ascertain whether a subsidiary is thinly capitalized and show the repatriation effects of such. Tax Calendar – lists all of the deadlines for all of the taxes covered for all of the 131 jurisdictions – never miss a tax deadline again!!! COMTAX now calculates the GILTI tax liability as a separate type of international transaction from any country within the COMTAX System back to the US. Details of the GILTI regime can be found in the COMTAX Commentary Database. Save, export or print results, prepare Power point presentations and share project data with colleagues, clients or advisers. COMTAX is indispensable in managing your tax reporting. |
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COMTAX® Basic Global and Asia-Pacific
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Covering 131 jurisdictions COMTAX Basic Global is a lighter version of the COMTAX System. Online browser based access ensures this tax control tool provides rapid answers on how to best structure group dividend, fee, royalty and financing repatriation transactions
Don't waste your time on routine work, use COMTAX® Basic and you will be able to focus on what is truly important such as qualitative analysis, cut costs and most of all; minimise the workload in your tax department without using external consultants extensively. Online access ensures you have access to the full power of COMTAX from anywhere. COMTAX® Basic Asia-Pacific is an innovative tax calculation tool, specifically designed for the region. The software covers 24 jurisdictions in the Asia-Pacific region and is designed to support tax departments, tax and financial advisors in achieving considerable productivity gains by minimising manual routine work and human error. |
COMTAX® TP Tool
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With the latest and continuously updated information regarding withholding taxes, corporate taxes, transfer pricing requirements and legislations, COMTAX® TP Tool will provide you with answers regarding how to best design your operating transfer pricing model, global supply chain as well as intra-group financing. Use any applicable recognised calculation method for sale of goods, provision of services, compensation of licensing, provision of financing and profit distribution. The tool will give you all the answers you will need to take the right decision. Use it to identify possible opportunities, as a modelling service and as a monitoring tool to follow up your current taxes. Save, export and print your results, and share the data with your colleagues, clients or advisers.
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COMTAX® DAC6 Tracker
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EU Council Directive 822/2018 (commonly known as DAC6) imposes an obligation on EU member states to implement, by December 31, 2019, domestic tax rules requiring intermediaries and relevant taxpayers to report information on certain cross-border arrangements to the tax authority.
This continuously updated Product offers the latest information on the implementation of DAC6 in each EU member state so that businesses do not miss a single important update. The Product includes a country-by-country description of the local legislation along with explanatory notes (where required) in both English and local language. |
COMTAX® and Blika
COMTAX cooperates extensively with Blika, a Swedish based company providing solutions for large multinational companies to manage head office data making sure compliance is guaranteed.
The Blika platform is the starting point for a digitalization of the tax department and will help you to collect various types of data in a structured process. The solution is developed in modules which means that you can start with the modules you need at present time and easily scale up at by switching on additional modules. All modules are integrated to make sure data is available where it is needed and to avoid double entry of data. In addition, you will be able to automate manual work when you work in an integrated one system solution.
Blika provides system solutions for e.g.;
- Legal entity management keeps track of your entity information and legal ownership structure over time and automatically produce charts
- Tax Risk and IFRIC 23 module allows your group companies to efficiently collect and structure tax risks and uncertain tax positions across the whole group and keep track of them over time
- Filing tracker is an automated process to keep track of filing deadlines across your group companies
- Country by country reporting . Complete CBCR solution, from collection of data, analysis to filing in the OECD’s XML format and various local formats
- Mandatory Disclosure Regime (DAC 6) module will provide you with a process to manage DAC 6 reporting and conversion of data to the required filing format
- Contract life cycle management help you to manage and keep track of action items for your contracts
The Blika platform is the starting point for a digitalization of the tax department and will help you to collect various types of data in a structured process. The solution is developed in modules which means that you can start with the modules you need at present time and easily scale up at by switching on additional modules. All modules are integrated to make sure data is available where it is needed and to avoid double entry of data. In addition, you will be able to automate manual work when you work in an integrated one system solution.
Blika provides system solutions for e.g.;
- Legal entity management keeps track of your entity information and legal ownership structure over time and automatically produce charts
- Tax Risk and IFRIC 23 module allows your group companies to efficiently collect and structure tax risks and uncertain tax positions across the whole group and keep track of them over time
- Filing tracker is an automated process to keep track of filing deadlines across your group companies
- Country by country reporting . Complete CBCR solution, from collection of data, analysis to filing in the OECD’s XML format and various local formats
- Mandatory Disclosure Regime (DAC 6) module will provide you with a process to manage DAC 6 reporting and conversion of data to the required filing format
- Contract life cycle management help you to manage and keep track of action items for your contracts
