GENERATE is the processing engine in TAXBOX
2 which reports on and generates all tax returns needed for premium tax compliance on a global basis.
Based on uploaded insurance policy data it can calculate/validate applicable premium taxes, relying on the global tax database maintained within TAXBOX
GENERATE reports on the number of tax returns needed to be prepared to discharge all premium tax liabilities in full, assigns parties responsible for the submission of taxes and physically generates the actual tax returns and payment instructions needed to settle all of the taxes payable.
All calculations, tax details and documents produced are saved to provide a complete audit trail and peace of mind.