02 — Capability · BC-240.30
Indirect Tax
Charge, collect, recover and remit the sales, value-added and excise taxes that ride on every transaction, correctly at the moment of the transaction rather than by correction later.
- VAT
- Sales & Use Tax
- Transaction Tax
In scope
- Tax determination on sales and purchases
- Indirect tax returns and recovery
- Registrations and exemption certificates
Out of scope
- Customs duties on imports and exports (see BC-660)
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Used in · 1
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Decomposes into · 4
- BC-240.30.10Tax DeterminationApply the right rate and treatment to each sale and purchase from product, place and customer status, inside the systems that create the transaction.
- BC-240.30.20Indirect Tax ReturnsCompile and file periodic returns in each jurisdiction, net input tax recoverable against output tax due, and settle the balance.
- BC-240.30.30Registrations & ExemptionsRegister where the enterprise has an obligation, deregister where it no longer does, and manage customer exemption certificates and their expiry.
- BC-240.30.40Excise & Environmental TaxesHandle product-specific levies on fuel, alcohol, packaging, carbon and similar goods, where the base and the rules differ from general sales tax.