Comply with Global Tax Regulations and Maximise VAT/GST Recovery by Optimising the Integrity of Your Data

The fast pace of change in taxation regulations is causing a rise in the number of businesses facing audits and penalties. With over 160 countries applying indirect tax (VAT/GST) on travel and entertainment spend, and governments mandating the digitalisation of tax reporting, compliance requirements have become increasingly complex. It’s no wonder that 42% of employee expense transactions do not meet requirements for VAT reclaim due to incorrect information or missing data.

Concur Tax Assurance protects against audits and penalties by optimising the integrity of your data in compliance with global VAT regulations. Unlike most processes that are dependent on employee determination, VATBox’s data extraction, matching and validation technology, and dynamic tax-rule editors validate every transaction – enabling a controlled end-to-end process that mitigates errors and provides peace of mind.