As global tax authorities roll out e-invoicing mandates, businesses have been adopting traditional e-invoicing solutions. But, they are fast realising this leaves them exposed on VAT accuracy. Tax authorities are now able to real-time validate and reject VAT calculations on sales and the right to deduct on purchases.
VATCalc’s VAT e-invoicing product is the only offering that not only creates, delivers or accepts e-invoices, but also live audits them against national tax legislation. Thus avoiding errors, risking distracting and costly tax audits. And, since it is built within the same application as our VAT Filer, your sales and purchase e-invoices are fully reconciled to filed VAT returns to avoid triggering tax authorities’ investigations.