We have developed MacroExcels (audit trail of changes and password protection) to support the VAT reporting process for all countries in Europe. Those MacroExcels are currently used by a multinational to extract the data, prepare the VAT returns, and perform vital VAT controls. We used these MacroExcels to develop the SAP add-on for European VAT reporting. The SAP add-on extracts all the relevant VAT return data from Standard SAP to calculate the boxes of the VAT return: Functionality for effective and efficient management of VAT in SAP is possible via the SAP add-on cockpit.

Source: KGT