TMF IPT Quote
Global database and calculation engine for IPT, VAT, GST, and stamp duty across 160+ countries.
Executive Summary
TMF IPT Quote is a comprehensive global insurance premium tax (IPT) database and calculation engine. It is designed to help multinational businesses manage the complexities of indirect tax compliance, including IPT, VAT, GST, and stamp duty, across more than 160 countries. The solution provides up-to-date tax rates, rules, and calculation methodologies, ensuring accuracy and consistency in tax computations for insurance-related transactions worldwide. This platform aims to streamline tax operations, reduce compliance risks, and enhance financial reporting for companies dealing with international insurance premiums. By centralizing tax data and automating calculations, TMF IPT Quote enables finance and tax teams to maintain regulatory adherence, optimize tax processes, and gain better visibility into their global tax liabilities. It supports efficient data input and robust reporting capabilities tailored to diverse jurisdictional requirements.
Use Cases
- Calculating accurate insurance premium taxes (IPT, VAT, GST, stamp duty) for global policies.
- Ensuring compliance with diverse tax regulations across 160+ countries.
- Streamlining tax reporting and filing for insurance premiums.
- Mitigating risks associated with incorrect tax calculations or late payments.
- Supporting financial planning and forecasting by providing reliable tax data.
Features
Visibility
- Global Tax Overview: Centralized view of tax liabilities and compliance status across all jurisdictions.
- Detailed Tax Calculations: Granular breakdown of IPT, VAT, GST, and stamp duty calculations per transaction.
Intelligence
- Up-to-date Tax Rules: Access to the latest tax rates and regulatory changes for 160+ countries.
- Automated Compliance Checks: System-driven validation of tax calculations against current regulations.
Technical Specifications
- Architecture
- Cloud-native with API-first design, supporting SaaS integrations.
- Deployment
- SaaS
- Authentication
- SSO
- API Available
- Yes
Integrations
- Workday
Security & Compliance
Certifications: ISO/IEC 27001
Encryption: Data encrypted in transit and at rest, compliant with ISO/IEC 27001 standards.
Pricing
- Starting Price
- Contact sales
- Target Customer
- Enterprise,Mid-Market
About TMF Group
TMF Group is a global provider of critical administrative services, including accounting, corporate secretarial, HR administration, and capital market support. Founded in 1988, the company operates across 87 jurisdictions with over 13,000 colleagues, helping businesses invest and operate safely worldwide.