Taxes and Tax Processors
A tax is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or functional equivalent of a state to fund various public expenditures.
Tax processors use algorithms to calculate taxes based on configurations made by users.
In Gotransverse, customers can easily calculate taxes for the ordered services or products, which makes it easy to define prices that include taxes and sell products or services into tax-inclusive markets. By automating tax calculation and tracking the complex rules and rates, Gotransverse saves time and reduces costs.
Gotransverse supports the following types of tax processors:
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Flat Tax — Calculates taxes based on the same tax rate for every taxpayer regardless of the income bracket. Refer to Flat Tax Processor Integration for more information.
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External Tax (Tax Essentials) — Calculates taxes based on the configurations made in the tax tables and tax table entries. External Tax allows for tax inclusive or exclusive pricing.
Tax Essentials (also referred to as External Tax) is configured and managed in the Admin application. Refer to External Tax Processor Integration for more information about configuring this tax processor. Users can also manage tax table entries in the Tax Management application (refer to Tax Management).
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Avalara Tax — Provides global location and jurisdiction-based sales tax calculations. Refer to Avalara Tax Processor Integration for more information.
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Avalara Communications Tax — Determines and calculates taxes and fees for traditional telecommunication services, as well as VoIP, internet services, cable and satellite TV, and other communications services. Avalara Communications Tax allows for tax inclusive or exclusive pricing. Refer to Avalara Communications Tax Processor Integration for more information.
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SureTax Communications (SureTax) — Calculates taxes for services such as general sales, leasing, data, digital goods, and telecommunications and energy (utilities) services in “real-time”. Taxes are calculated based on ZIP+4, which is used for proper jurisdiction assignment and tax mapping. Refer to SureTax Communications Tax Processor Integration for more information.
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OneSource — Provides the consolidated tax determination, calculation, and recording of taxes. OneSource Indirect Tax Determination directly supports US Sales and Use tax. Refer to OneSource Tax Processor Integration for more information.
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Vertex Indirect Tax O Series — Estimates, calculates, and commits taxes during an order and manages tax exemptions on the customer account level. Refer to Vertex Indirect Tax O Series Tax Processor Integration for more information.
Gotransverse does not support all features of all tax processors. Please contact Gotransverse Support if you have any questions about tax processors and supported features.
Refer to the following topics for more information about taxes: