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.
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.