Expense Agent supports automated VAT handling for expense reports, which can help simplify tax management and improve reporting accuracy. Key capabilities include:
Automatic VAT Calculation: Expense Agent identifies VAT-relevant expense transactions and calculates applicable VAT amounts based on the information in submitted expense reports.
VAT-Aware Expense Processing: VAT values are incorporated into the expense review and processing workflow, reducing the need for manual tax calculations.
Enhanced VAT Reporting: VAT amounts captured from employee expenses are aggregated and reported, supporting financial reporting and tax recovery processes.
Improved Compliance: Standardized VAT handling helps ensure that expense-related tax calculations apply consistently across the organization.
Human in the loop: If the VAT calculation is enabled for expense reports, accountants must review VAT calculation and confirm that everything is correct before posting it.
GA date: December CY2026
Preview date: October CY2026