TRS for B2B

The primary objective of TRS for B2B is to detect and facilitate the prevention and elimination of VAT reduction.

About

TRS for B2B supports the receipt, storage, and processing of standard tax invoices used to record tax liabilities in transactions between taxpayers, particularly those liable for VAT within the wholesale sector.

VAT represents a tax that often becomes entangled in various fraudulent schemes aimed at reducing its impact. Reducing VAT can lead to an automatic reduction in corporate income tax.

Key Capabilities

Receipt of standard tax invoices through software interfaces by integrating with taxpayer accounting systems (ERP)
Receipt of standard tax invoices through the taxpayer's workplace
Integration with existing taxpayer authentication systems in the country
Format and logic control of standard tax invoices, support for primary and corrective tax invoices
Support for different approval cycles of standard tax invoices between the seller and the buyer
Calculation and reflection of tax liabilities based on tax invoices
Detection of simple tax gaps
Support for VAT trees for analyzing the movement of VAT between taxpayers to identify complex tax gaps
Support for the process of identifying and eliminating complex tax gaps