2 Russia

Legal Reporting - TORG12, TORG10, GTD, Profit Tax Accounting, and Cyrillic Forms

In Russia, the legal requirements for forms and reporting are extensive, with strict guidelines in place. The fines and legal consequences for non-compliance can be significant. Additionally, forms are subject to frequent changes. The use of Cyrillic is mandatory on all official documents, making it challenging to meet these requirements without a native Russian speaker. MOIT-implemented solutions remain compliant with these templates. MOIT consultants and local partners operate in the Russian language, ensuring that updates to legal requirements can be quickly integrated after the go-live phase following a successful SAP implementation. RUSSIA Special Expertise: Country-Specific Requirements/Solutions

• Customs declaration number (GTD)

• Classifications, tax data, and registrations: OKPO, INN, OKEI, OKPD, OKDP, OKVED, OKOPF, OGRN

• Profit tax accounting (PTA)

• Special ledger (sales, purchasing)

• Cyrillic script

• Legal reporting

• Tax determination

• Adequate use of SAP enhancement packages

• Form management with Adobe, paper-based processing

• Import and export process solutions

3 India

Product classification, CIN functions, Central State Tax (CST), and Central Value Added Tax (CENVAT) comprise India's complex tax system, which includes a unique tax on consumption requirements. A strong grasp of these concepts, along with a functional understanding of the SAP country version for India (CIN), is essential for effectively modeling relevant data. Detailed reporting of financial and fiscal information is necessary. Inexpensive local consultants are centrally managed, locally hired, expertly trained, and deployed for specific project tasks. MOIT operates in India and has several implementations in partnership with other leading implementers, leveraging business acumen to successfully deliver localization in India.

INDIA Special Expertise: Country Specific Requirements/Solutions

• Central excise

• Customs duty

• Sales tax (VAT/CST)

• Service tax

• Tax deduction at source (TDS)

• Import and export process solutions

4 China

Golden Tax, PRC GAAP, Free-Trade Zone, Bonded and Non-Bonded Warehouse

China has specific requirements for accounting, known as Chinese GAAP, and related legal reporting. For legal reporting, a Golden Tax solution integrated with the SAP ERP system is essential. All reports and documents intended for Chinese business partners must be in Simplified Chinese.

Certain business models, such as free-trade zones, bonded and non-bonded warehouse processes, and export VAT reimbursement, add to the complexity. To address significant language and cultural differences, MOIT undertakes projects with a strong focus on collaborating with local consultants who provide invaluable expertise.

CHINA Special Expertise: Country Specific Requirements/Solutions

• Golden Tax – VAT Reporting/SD Invoicing

• Golden Audit – extended documentation of financial closes

• PRC GAAP – Local Accounting Standards

• Warehouse – bonded Vs non-Bonded warehouse/stock

• Currency/Exchange Rate Fluctuations

5 South Africa

Organizations in South Africa are increasingly recognizing the transformative power of Enterprise Resource Planning (ERP) solutions like SAP.

Unique challenges and opportunities characterize the South African business environment. The significance of Black Economic Empowerment (BEE) policies, regulatory compliance, and consumer protection legislation cannot be overstated.

Key laws such as the Protection of Personal Information Act (POPIA) and the Companies Act influence data management and transparency.

South Africa boasts several industries where SAP solutions are making significant inroads:

• Mining: A cornerstone of the South African economy, the mining sector leverages SAP to enhance supply chain management, optimize resource allocation, and ensure regulatory compliance.

• Agriculture: As a vital contributor to GDP, the agriculture sector utilizes SAP's analytics capabilities to maximize yields, manage logistics, and streamline operations.

• Retail: The growing retail landscape employs SAP solutions to enhance customer experience, optimize inventory management, and integrate multi-channel operations effectively.

• Manufacturing: Focusing on efficiency and quality, South African manufacturers use SAP to implement Industry 4.0 practices, leveraging IoT and real-time analytics for smart manufacturing.