VAT Compliance Audit

Boost liquidity with automation and expert analysis while staying VAT compliant

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

We handle data extraction to VAT refunds, including tax office query resolution, and provide insights to improve recoveries.

An aircraft manufacturer achieved

$11.4mn

in VAT recovery with our solution

Get a deep-dive analysis of each transaction to identify opportunities for higher recovery and areas of noncompliance.

Companies using our solution recovered up to

20%

or more on average, on travel and entertainment expenses and supplier spend

Using insights from our analysis, we advise clients on new policies, ideal processes, and system enhancements.

Interactive, customizable dashboards give better visibility into VAT spend and recovery, allowing better control over KPIs.

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.

Get in touch with an expert