Taxback International received the European Technology Award 2021 within the Fintech category. Nora Duggan, Chief Marketing Officer and Johanna Waara, Chief Commercial Officer were present to receive the award during a prestigious evening at the Ritz Hotel in Paris.
Over the past two years, Taxback International has developed a unique technology, Comply, to address a market need for a scalable, end-to-end VAT compliance platform backed and built by VAT expertise.
Taxback International is an entrepreneurially driven company whose goal is to transform how VAT recovery is managed on a global basis. Over twenty-five years, it has become the world’s leading technology and services company specialising in VAT (Value Added Tax) Reclaim and Compliance. Their global client list of more than 12,000 businesses includes almost all the Fortune 500 companies (Google, Tesla, Facebook, Twitter, IBM). Their innovative technology enables the real-time processing of over 10 billion transactions across 180 countries in multiple languages.
During the pandemic, Taxback International has transformed their existing business model to meet the digital transformation happening in the industry.
“Through detailed market assessment and research, we identified the need for a global compliance technology solution backed by VAT expertise,” states Catherine Quirke, CEO.
From this research, they developed Comply, the world’s end-to-end VAT compliance platform for global businesses. This digital platform transforms how a business prepares and files its VAT returns by centralising control on a single platform. Comply also enables secure-on-time cross-border payments to Tax Offices with ease of reconciliation and zero risks. It provides a clear audit trail and cloud-based analytics on a single secure platform giving total control over VAT obligations.
“With our AI and machine-learning algorithm, Comply provides trend analysis and intelligent financial forecasting”, Catherine adds.