Lufthansa Systems has presented new features for the Sirax product family such as the new X1 Tax Module for automatic tax calculation.
“Efficient and accurate revenue accounting has to meet requirements that are complex and sometimes change dynamically. Tax regulations and country-specific aspects also need to be considered,” said Andreas Reimann, Head of Finance & Commercial Products & Solutions at Lufthansa Systems. “Our Sirax product family is ideally positioned to meet these requirements with the new X1 Tax Module, and it is continuously advanced, updated and enhanced together with our customers.”
The new X1 Tax Module, which is part of the Sirax revenue accounting solution, calculates all applicable taxes fully automatically based on travel data. The system checks tax regulations and other conditions (YQ/YR conditions) depending on the routing, issue terms and other details of a passenger’s trip and applies the appropriate taxes for the trip. Tax calculation is based on Airline Tariff Publishing Company (ATPCO) tax rules (X1/2) and thus includes all required charges, levies and fees (TTBS/RATD, YQ/YR and PFC). All daily updates provided by ATPCO are automatically fed into the tax module’s database.
The new functionality has been developed on customer request and is now available to all Sirax customers. Many product enhancements such as this new feature are initiated directly by the community, including new functionalities for automatically detecting scheduled changes, bug fixes related to the Fare Calculation Box, and workflow improvements.