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IVATS

INTEGRATED VALUE-ADDED TAX SYSTEM

IVATS is a specialized application focused on managing VAT taxpayers registration and credit management. It allows governments to improve tax compliance which thus increases VAT revenue collection. IVATS enhances controls over credits and refunds granted to taxpayers as well as managing requests from exempted taxpayers such as embassies. IVATS also calculates the fiscal expenses related to exonerations and exemptions.

Fully Integrated

Supports All Tax Administration Processes in One Integrated System

Comprehensive

Supports Most Types of Taxes and Licences

Electronic services

Filing of VAT Declarations

Data-entry automation

Quick and accurate data entry through pull-down menus and drop-down validation lists

Management tools

Management tools to track amounts assessed, collected and outstanding

Multiple Currencies

Management of multiple currencies

Third Party Integration

Integrates Seamlessly with other Mission-Critical Government Systems & Statistical Sampling Tools

Multilingual Platform

Contains its Own Dictionary

Security & Tracking

Role-Based Security Rules & Approval Tracking Features

IVATS Suite of Modules

IVATS COMPREHENSIVE SUITE OF MODULES ARE HIGHLY CONFIGURABLE AND ARE IMPLEMENTED IN ACCORDANCE WITH OUR CLIENTS’ REQUIREMENTS

Immatriculation
Registration of non-individual
VAT Certificates
Management and printing of VAT certificates by taxpayer or by establishments
Assessments
Configurable declaration forms and assessment notices
Tax Roll
Customizable Taxpayer Information Tracking and VAT account inactivity periods
Cashing
Multiple currencies, automatic distribution over several tax periods, tax accounts, tax types and over tax following a required sequence
Penalties and interests
Multiple criterias, manual and automatic calculations of no-filing or late filing, easily modifiable penalty and interest rates
Carry forward
Management of automatic carry forward credit
Refunds
Configure of business rules for approval VAT refunds
Collection
Validate turnover thresholds to identify eligible taxpayers to VAT
Interfaces
Configure interfaces with third parties’ solutions to import and export data
Budgeting
Configure targets broken down by tax center and periods, track actuals versus targeted revenues
System configuration
Configure application features and lists of values to meet Administration’s needs

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26

Countries

6.7M

Lines of Code

12.5M

Taxpayers

75%

Productivity Improvement