SiTAX

Notwithstanding the various measures introduced trying to reduce the taxation in buying and selling transactions in the movable market, and equalize the Italian system to the international rules, Italy yet possesses some peculiar aspects that contribute to place its own fiscal system in first places globally, regarding complexity.

The image that unavoidably originates is a fiscal system few attractant for foreigners investors, in which the enterprises are obliged to waste too much time in transactions with the revenue and the several public partners.
It’s not easy to extricate in the jungle of the Italian revenue is not so simple, and this is why SiGRADE treasured of all its own experience spent in its back office applications, and then gathered and concentrated in a product that is dedicated to manage the Italian taxation: SiTAX.

SiTAX consists of various modules, each of which is deputized for calculus and for the production of all the reports needed for a specific taxation.
All modules have available query functions that can be used in Offices, Legal Entities, Services and authorized BO among the possible consuling activities, including the possible online extraction of flows XML or PDF reporting, we have: • Flow handling
• balancing and intermediate data
• fiscal position
• calculated deductions
• detailed calculi and share percentage
This application uses an interface focused to applications and data that are necessary to determinate the taxation of the different types of transaction.
The different activities can be performed both online and batch, based on the event codification, the specific financial instrument and the setting adopted by the bank.

Main functions:
• Module for Calculus and Reporting - Taxation DL461
• Module for Calculus and Reporting – Capital Earnings on OICR
• Module for Calculus (online and batch) of substitute taxes (DL 239)
• Module for Administrative Events (coupons, shares of profit, reimboursements)
• Module for the production of Template 770, CUPE
• Module for the production of standard flows to SOGEI, F.I.S. and customer’s charges

Advantages:
• Multi-bank, multi-section, multi-channel and multi-currency
• Integrated with the bank reference programs
• Functionality 7/7 and 24/24