OneTax
Tax Payments Made Easier Than Ever Before
As our global coverage expanded, it became evident that the complexity of global VAT payments continued to be a concern for our clients. Numerous clients found themselves in the position of making multiple payments to various countries, frequently in various currencies, with diverse payment deadlines and distinct payment referencing formats each month.
OneTax is the Taxually VAT payment solution provided to clients to tackle some of the difficulties associated with cross-border VAT payments. The OneTax platform provides an efficient and time-saving answer for facilitating extensive global VAT payments.
OneTax is the Taxually VAT payment solution provided to clients to tackle some of the difficulties associated with cross-border VAT payments. The OneTax platform provides an efficient and time-saving answer for facilitating extensive global VAT payments.
How OneTax Solves Your Tax Payment Issues
Without OneTax
With OneTax
Expensive
High fees and steep FX margins charged by banks.
High fees and steep FX margins charged by banks.
Cost efficient - Favorable exchange rate and min. fees
in your selected single currency payment.
in your selected single currency payment.
Foreign Exchange exposure
Conversions rates fluctuate, and there is no guarantee that the rates approved will apply at the point of payment.
Conversions rates fluctuate, and there is no guarantee that the rates approved will apply at the point of payment.
Conversion Rates fixed for 2 weeks, and Single Currency Payment
No need to worry about multiple currencies and their exchange rate; we’ve got you covered.
No need to worry about multiple currencies and their exchange rate; we’ve got you covered.
Time-Consuming
Making individual payments takes up the time of internal departments.
Making individual payments takes up the time of internal departments.
Single Bulk Payment
Choose your preferred currency and submit one payment for all your tax payment obligations.
Choose your preferred currency and submit one payment for all your tax payment obligations.
Complex
Continuously changing payment instructions, and when local banks are required it can be even worse.
Continuously changing payment instructions, and when local banks are required it can be even worse.
Live Payment Status
OneTax has intelligent payment reference and beneficiary checking to minimize errors and ensure a seamless experience every time.
OneTax has intelligent payment reference and beneficiary checking to minimize errors and ensure a seamless experience every time.
How It Works
1.
Taxually sets up the relevant entities
2.
Customer gets access to the payment platform to approve payments
3.
Customer makes monthly payments to a single Taxually account*
*Individual customer accounts are provided by Citibank
4.
Taxually pays obligations to the various tax authorities
Supported Countries
Currently, we support the following countries for payment of VAT with the ability to receive the below currencies.
Additional countries and currencies can be added quickly on request.
Additional countries and currencies can be added quickly on request.
- Australia
- Austria
- Belgium
- Canada
- Cyprus
- Estonia
- Finland
- France
- Germany
- Greece
- Hong Kong
- Ireland
- Italy
- Japan
- Latvia
- Lithuania
- Luxembourg
- Malta
- Netherlands
- New Zealand
- Poland
- Portugal
- Singapore
- Slovakia
- Slovenia
- Spain
- Sweden
- Switzerland
- United Kingdom
- United States
Stay tuned as many more to come!
How Do I Sign Up?
OneTax is an optional feature for CrossTax clients, but you are automatically signed up to the OneTax system when you register for the fiscal representation service with CrossTax.
You can only make payments to countries where you have appointed CrossTax/Taxually as your fiscal representative.
Just access the system through the VAT Payments tab in CrossTax and manage all of your VAT payments from there.
You can only make payments to countries where you have appointed CrossTax/Taxually as your fiscal representative.
Just access the system through the VAT Payments tab in CrossTax and manage all of your VAT payments from there.
Book a 30-min demo
What can you expect from the demo?
We'll analyze your business for tax compliance and provide a 30-minute personalized software walkthrough to help you understand Taxually's benefits.
Learn more about your business’s needs
Identify custom solutions for your specific case
Create a tax compliance plan of action
Trusted by 13,000+ B2B companies in over 150 countries
Feel free to book a demo session with the Taxually team
Find out more about our product and whether it’s a good fit for your company.
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