ZSE Energia: Reducing VAT obligations and manual processing while safeguarding tax compliance
See how ZSE Energia is reducing value-added tax payable while also easing tax compliance with a solution for bad-debt relief and robust localization capabilities for the Slovak energy market. Download the DocumentINTERNAL – SAP Only (delete if public)
ZSE Energia: Reducing VAT
obligations and manual processing
while safeguarding tax compliance
When energy markets were liberalized in the European Union (EU) in 2007, Slovakia’s
ZSE Energia a.s. was established as a wholly owned subsidiary of the Západoslovenská
energetika group (ZSE Group). The ZSE Group celebrated 100 years of operation in
Slovakia in 2022 and is a part of energy multinational E.ON SE. Today, ZSE Energia is one
of the biggest electricity and gas suppliers in the country, serving over one million
customers.
To manage its business processes efficiently and in accordance with the recently issued
amendment to the value-added tax (VAT) act in terms of EU directives, ZSE Energia
needed a solution to help it process accounts receivable deemed irrecoverable. The
right solution for bad-debt relief would help the company not only optimize VAT payable
but also ease tax compliance with robust localization for the Slovak energy market.
ZSE Energia: Reducing VAT
obligations and manual processing
while safeguarding tax compliance
When energy markets were liberalized in the European Union (EU) in 2007, Slovakia’s
ZSE Energia a.s. was established as a wholly owned subsidiary of the Západoslovenská
energetika group (ZSE Group). The ZSE Group celebrated 100 years of operation in
Slovakia in 2022 and is a part of energy multinational E.ON SE. Today, ZSE Energia is one
of the biggest electricity and gas suppliers in the country, serving over one million
customers.
To manage its business processes efficiently and in accordance with the recently issued
amendment to the value-added tax (VAT) act in terms of EU directives, ZSE Energia
needed a solution to help it process accounts receivable deemed irrecoverable. The
right solution for bad-debt relief would help the company not only optimize VAT payable
but also ease tax compliance with robust localization for the Slovak energy market.
INTERNAL – SAP Only (delete if public)
“SAP offers global solutions and localization-enabled
offerings that meet different countries’ requirements.
Functionality for reducing VAT payable to the justified
amount helps us optimize our tax costs when a customer
has not fully or has only partially paid for the supply
of goods or services and its claim has become
unenforceable.”
Silvia Krajčírovičová, Head of Accounts and Receivables Management,
ZSE Energia a.s.
ZSE Energia a.s.
Bratislava, Slovak Republic
www.zse.sk (Slovakian)
Industry
Utilities
Employees
300
Revenue
€2.3 billion
Products and services
Electricity, gas, and
services provider
Featured solutions
SAP ERP and SAP for
Utilities solutions
1
Solution for diverse
aspects of VAT reduction,
from receivables marking
to corrective-document
posting
100%
Compliance with the
relevant tax regulations
Before: Challenges and opportunities
• Comply with local value-added tax (VAT) regulations that allow for a reduction in the taxable amount
or a refund of VAT paid in the case of irrecoverable bad debts
• Simplify complex and time-consuming processing of these calculations
Why SAP
• SAP solutions, including the SAP ERP application and SAP for Utilities solutions, that are continuously
updated to aid compliance and tailored to country-specific requirements
• A transparent and comprehensive framework for building extensions that smoothly integrate with
core software products
After: Value-driven results
• Reduced VAT obligations
• Better user experience for monitoring and managing automated calculations and processing, with
fewer manual interventions and time-consuming steps
• Successful implementation of country-specific localization requirements compliant with VAT
processing and local tax requirements, spanning VAT returns, control, and reporting
• Unified processing and the ability to deploy both individual and bulk processing
Reducing VAT payable with SAP for Utilities solutions
93068enUS (24/09) © 2024 SAP SE or an SAP affiliate company. sap.com/terms-of-use
“SAP offers global solutions and localization-enabled
offerings that meet different countries’ requirements.
Functionality for reducing VAT payable to the justified
amount helps us optimize our tax costs when a customer
has not fully or has only partially paid for the supply
of goods or services and its claim has become
unenforceable.”
Silvia Krajčírovičová, Head of Accounts and Receivables Management,
ZSE Energia a.s.
ZSE Energia a.s.
Bratislava, Slovak Republic
www.zse.sk (Slovakian)
Industry
Utilities
Employees
300
Revenue
€2.3 billion
Products and services
Electricity, gas, and
services provider
Featured solutions
SAP ERP and SAP for
Utilities solutions
1
Solution for diverse
aspects of VAT reduction,
from receivables marking
to corrective-document
posting
100%
Compliance with the
relevant tax regulations
Before: Challenges and opportunities
• Comply with local value-added tax (VAT) regulations that allow for a reduction in the taxable amount
or a refund of VAT paid in the case of irrecoverable bad debts
• Simplify complex and time-consuming processing of these calculations
Why SAP
• SAP solutions, including the SAP ERP application and SAP for Utilities solutions, that are continuously
updated to aid compliance and tailored to country-specific requirements
• A transparent and comprehensive framework for building extensions that smoothly integrate with
core software products
After: Value-driven results
• Reduced VAT obligations
• Better user experience for monitoring and managing automated calculations and processing, with
fewer manual interventions and time-consuming steps
• Successful implementation of country-specific localization requirements compliant with VAT
processing and local tax requirements, spanning VAT returns, control, and reporting
• Unified processing and the ability to deploy both individual and bulk processing
Reducing VAT payable with SAP for Utilities solutions
93068enUS (24/09) © 2024 SAP SE or an SAP affiliate company. sap.com/terms-of-use