Orbitax products have been designed together with IBFD to create the International Expert Series.

Founded by former Big Four international tax partners, Orbitax brings practical tax solutions and expertise. Orbitax develops powerful international tax planning and compliance tools.

Orbitax, in partnership with IBFD, has launched the new tools to meet the needs of tax consultancy firms and multinational companies, ITE Enterprise.

ITE Enterprise

ITE Enterprise is an international tax management tool designed to help international tax professionals combine their research work with resolution and management of cross border tax issues.

ITE Enterprise enables and automates a range of tasks:

• Creating an entity chart to store information on and graphically represent the tax attributes of a global business.
• Calculating worldwide tax for the entire multinational group of companies.
• Calculating worldwide tax impact of cross border transactions.
• Optimizing the worldwide tax impact of cross border transactions.
• Calculating the worldwide tax impact of transactions that change the legal entity structure.
• Finding accurate withholding tax rates, linked to the underlying treaty texts.
• Finding the widest and most comprehensive range of cross-border payment streams on which withholding tax apply.
• Finding transactions that will reduce withholding taxes.
• Calculating the total tax cost of cross border transactions.
• Calculating effective corporate income tax rates.
• Quickly generate a memo regarding the decisions reached, and export/store calculations in Microsoft Excel.
• Represent graphical diagrams in PowerPoint.
• Finding key country tax facts.
• Enable the user to see the justification for the demonstrated rate through the treaties and domestic law on the IBFD tax portal.

Who should use ITE Enterprise

ITE Enterprise is recommended for practitioners with some experience of international tax work who

• Need to manage taxable transactions across jurisdictions, especially those of multinational groups,
• Have to quantify the total tax cost of a given cross-border transaction, especially in a group setting
• Need a tool to demonstrate tax decision structures and their underlying logic to colleagues, clients and business partners, including non-tax professionals.

Countries covered

Argentina, Australia, Austria, Bahamas, Barbados, Belgium, Bermuda, Brazil, British Virgin Islands, Bulgaria, Canada, Cayman Islands, Chile, China (People's Rep.), Colombia, Costa Rica, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Gibraltar, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Japan, Jersey, Korea (Rep.), Liechtenstein, Luxembourg, Malaysia, Malta, Mauritius, Mexico, Netherlands, Netherlands Antilles, New Zealand, Nigeria, Norway, Panama, Peru, Philippines, Poland, Portugal, Puerto Rico, Romania, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, United Arab Republic, United Kingdom, United States, Venezuela, Zimbabwe.

Payment streams covered

Dividends, interest, royalties (patent, copyright and trademark), service fees (technical and management), capital gains and sales.