Taxback International Announces Strategic Partnership with WTS Global to Power VAT Compliance Processes
WTS will automate its VAT compliance processes with Taxback International’s revolutionary Comply platform
Taxback International today announced a strategic partnership with global tax practice, WTS Global (WTS). The collaboration enables WTS to utilise TBI’s revolutionary Comply platform to power their VAT (Value Added Tax) compliance services globally. Built on twenty-five years of VAT expertise, Comply is a scalable, secure VAT compliance platform that manages complex, country-specific rules to ensure that businesses remain compliant in a rapidly changing business environment.
With representation in over 100 countries, WTS has already grown to a leadership position as a tax practice offering the full range of tax services and aspires to become the preeminent non-audit tax practice worldwide. WTS effectively combines senior tax expertise from different cultures and backgrounds and offers world-class skills in advisory, in-house, regulatory and digital, coupled with an adaptable mindset.
Founded in 1996 by entrepreneur Terry Clune, Taxback International (TBI) has been a world leader in VAT (Value Added Tax) compliance, reclaim, and consultancy for over two decades. TBI services combine innovative technology, deep industry expertise, and value-added partnerships to deliver comprehensive VAT solutions for their clients. In 2019, TBI built Comply – a revolutionary, end-to-end VAT compliance technology that solves the difficulties of VAT in a Digital Age (VIDA).
WTS needed a scalable, secure platform adjustable to shifting digital tax requirements and tailored to client complexities and made the decision to partner with TBI. Utilising Comply enables WTS to offer a cutting-edge, fully supported and configurable compliance platform immediately without losing focus on their core business by spending time and resources building a solution in-house. Comply will help WTS to optimise their clients’ compliance experience with increased governance and visibility, with potential for immediate revenue and growth opportunities.
Jürgen Scholz, board member at WTS and global head of WTS Indirect Tax practice:
“At WTS we have a very strong background in delivering excellent VAT advisory & compliance services for our clients. Our VAT practice has been recognized “European Indirect Tax Firm of the Year” in three of the last five years by the well-renowned journal International Tax Review. We are delighted that with our strategic partnership with Taxback International we are now able to provide a digital platform to power our VAT compliance service globally. We will also promote the platform Comply to our global partnership network as we are convinced that the solution offers state-of-the-art technology to face the upcoming challenges for VAT in the digital age.”
Florian Oehl, Managing Partner WTS Digital, WTS Deutschland:
“With over 250 digitization experts, WTS is the leading unit in Germany for the digitization of tax processes. The focus of WTS Digital is, among other things, on indirect taxes and in particular VAT. The partnership with TBI enables us to support large compliance mandates worldwide with multiple VAT registrations even easier & more efficiently. VAT remains – especially in light of the current “VAT in the Digital Age Initiative” – one of the growth drivers of WTS, especially in the global environment.”
Joe Healy, Chief Commercial Officer at Taxback International:
“Like Taxback International, WTS strives to automate VAT Compliance processes for businesses as global tax offices continue to digitalise. We are proud that WTS has chosen Comply to automate its VAT compliance processes. Our partnership will enable Taxback International and WTS to be at the forefront of VAT compliance automation for years to come.”
Karl Nolan, CEO at Taxback International:
“In an era of massive global tax digitalisation, companies need a VAT management technology that can adapt with changing regulations. Comply’s tax technology solves immediate and complex issues that businesses must tackle and this is a fantastic endorsement from WTS. More generally, it is a great endorsement for Irish FinTech and an example of the talent and vision within the thriving industry in Ireland.”
ENDS
About WTS
With representation in over 100 countries, WTS Global has already grown to a leadership position as a global tax practice offering the full range of tax services and aspires to become the preeminent non-audit tax practice worldwide. WTS Global deliberately refrains from conducting annual audits in order to avoid any conflicts of interest and to be the long- term trusted advisor for its international clients. Clients of WTS Global include multinational companies, international mid-size companies as wells as family offices
WTS Global effectively combines senior tax expertise from different cultures and backgrounds and offers world-class skills in advisory, in-house, regulatory and digital, coupled with the ability to think like experienced business people in a constantly changing world.
About Taxback International
Taxback International is the world’s leading technology and services company which specializes in Value Added Tax (VAT) compliance and VAT reclaim. TBI is focused on transforming how VAT compliance and recovery is managed on a global basis. The company works with almost all of the Fortune 500 companies (including Google, Tesla, Facebook, Twitter, IBM). TBI’s technology enables real-time processing of over 10 billion transactions across 180 countries in multiple languages.
Taxback International is part of Kilkenny-headquartered software technology group, CluneTech, which employs over 1,600 people worldwide.
