Supercharge value-added tax (VAT) recovery with an advanced digital solution
VAT or Goods and Services Tax (GST) compliance and recovery can be complex, especially for cross-border transactions. Without the right digital tools and expertise in VAT legislation, companies may miss out on recovery opportunities.
Our solution with VAT IT, a global VAT recovery company, automates processes, facilitates VAT refunds, analyzes systems for improvements, and enhances recovery processes to maximize results.
Our VAT expertise, AI, and robust VAT engine enable maximum recovery and keep you compliant and up to date with regulations.
Companies can realize VAT savings of up to
27%
of cross-border and local business expenses in certain areas like supplier payments
A strategic alliance focused on enhancing recovery outcomes
Genpact teams up with VAT IT, the global leader in VAT recovery, to transform the VAT recovery process with innovative digitalization and analytics-driven problem-solving. By combining Genpact's AI, analytics, and operational expertise with VAT IT's unmatched industry knowledge and human ingenuity, this partnership delivers a smarter, more efficient, and seamless VAT recovery solution.
More cash to run the business: How it works
Reclaiming VAT has never been easier. Our solution extracts invoice data from multiple systems using optical character recognition (OCR). Invoices are reviewed to align with country-specific tax requirements. If there are any issues, we work with your suppliers to reissue invoices. From recovering VAT from foreign tax authorities to preparing local tax returns, we help streamline the entire process. Plus, our team reviews transactions to identify missed opportunities and improve your processes.
A tailored approach that won't drain your time
We assess your VAT process and challenges to deliver a tailored solution that works seamlessly across the globe. We manage the entire VAT recovery process for you – from submitting claims to resolving tax office queries – keeping your involvement minimal. Our automated solution reduces errors, speeds up workflows, and maximizes recovery. Plus, we generate insights to improve processes and systems, ensure compliance, and boost ROI.
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