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OASIS TAX XML Technical Committee

OASIS TAX XML Technical Committee. Business Model Sub-committee May 22-23, 2003. Raj Rajagopal Terry Lutes Ken Jaslow John Glaubitz Harm van Burg Alex Fiteni. Leslie-Anne Scott George Farkas Bruce Handel Carsten Heins Brett Anderson. Participants. Sub-committee process.

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OASIS TAX XML Technical Committee

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  1. OASIS TAX XML Technical Committee Business Model Sub-committee May 22-23, 2003

  2. Raj Rajagopal Terry Lutes Ken Jaslow John Glaubitz Harm van Burg Alex Fiteni Leslie-Anne Scott George Farkas Bruce Handel Carsten Heins Brett Anderson Participants

  3. Sub-committee process • Post list of To Do’s • Provide 2 weeks to ‘sign up’ • Each participant to rank the list as to level of importance/interest and provide reasons why • Finalize list at next SC meeting

  4. Process Areas for consideration • Revenue authorities need data in a form that is consumable for: • Corporate income taxes • Transaction based taxes (VAT) • Payroll taxes • Transfer Pricing • Audit • Registration • Certificate of Residence

  5. To Do List • Define a unifying process model • See if IBM will provide the document ‘eTax framework - eServices for tax’ for use by this committee – Terry Lutes, • Set priorities for the process areas based on – greatest pain or greatest gain – rank at next phone call – John, Leslie-Ann • Liaise with the HR/Payroll XML task group on what they are working on – Ken • Liaison with OAG Core Components - Alex • Glossary of tax terms – Alex, John, Terry (Acronyms) • Basic modular Entity set Document from the NE Audit Matching File - Harm • Define ‘best practices’ information sources – Terry (Susan)

  6. … and don’t forget small business • Post any documents that provide insights on how to better serve the small businesses who are underserved by existing vendors and tax agencies, where the greatest problems around compliance management arise - All

  7. Requirements • Need some clarity on the benefits of using XML (e.g. Reduction in cost of managing returns) • Comprehensive framework for the business model of a tax agency from compliance through to settlement and audit • Is there a ‘grand standard’ that would allow tax service vendors to collaborate with tax agencies and ERP vendors? • Share business problems in tax administration

  8. Is a standard needed ? • Can we develop a unifying framework that will provide a source for projects over the long term • Provide system to system interchange standards that will reduce costs of information transfers between process participants

  9. Focus Areas • Process model development • E.g. Treaty model, taxpayer/vendor/agency interactions, internal agency processes • Business problems that can be immediately beneficial to the agencies (e.g. Canada GST)

  10. Approach • Produce a document defining a standard high level process and then see where that leads us • eServices model for tax administration • Leverage what already exists (e.g. IBM eService document?)

  11. Australian ‘business model’ • International tax community sharing information based on tax treaties (in XML) • Tax administration processes based on risk () • Translation of bus. Data for tax purposes (eRecord used by small businesses to extract data into the tax processing system; working on a version for personal tax; Canada set out requirements for s/w packages to meet; ) • Run the business (ebXML, XBRL)

  12. International Tax Community [G2G] (shares information based on tax treaties) National Tax Administration processes (based on risk assessment strategies) Translation of business data [B2G] (for tax purposes) Business administration systems [B2B] Typical Tax Administration Business Areas Transfer Pricing, Back End systems (RA, Audit, Settlement) Registration, Returns Submissions, Payments ERP, Tax Planning and Preparation

  13. Regulatory framework • Constantly changing • Often open to interpretation • Is it possible to provide the rules and computations as well as the schema and have it ‘embedded’ in ERP and other accounting systems for small businesses? • Should Payroll Taxes be included in this umbrella

  14. Implementations for consideration • Audit File (NE) • eRecord (AU) • MeF (IRS) • CT (UK)

  15. Analysis required • List of Processes/Services and how well served in each country • Country and taxation systems matrix • Countries and projects under way

  16. Model/Process areas • Business Registration • Tax Return submission and validation, acknowledgement • Internal validation processes • Risks Assessment • Tax collection and Settlement processes • Tax claims and adjudication processes • Certificate of Residence

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