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Global VAT Reporting Tool (GVRT)
The EY GVRT is a broad value-added tax (VAT) and goods and services tax (GST) reporting solution that redefines and globally standardizes the preparation, production and reporting process. It is an EY cloud-hosted global compliance solution, which automates the preparation of indirect tax returns globally.
Indirect tax regulations are changing globally. Keeping up-to-date with the latest updates is not enough anymore. As increasing numbers of tax authorities around the world introduce new reporting requirements, businesses are under growing pressure to stay compliant with ever more complex requirements and changes. The introduction of transaction level reporting makes this even more challenging, removing the ability and the time to manually interact with data before its submission to governments.
EY Global Technology helps in keeping acceptable compliance levels today while future-proofing one’s organization for tomorrow. The EY GVRT can help you stay in control.
- Does your organization have trouble keeping pace with compliance around the world?
- Are your organization’s return preparation processes manual and time intensive?
- Does your organization struggle with data accuracy?
- Are incorrect returns causing fines and penalties?
- Do your systems meet all of your reporting needs?
EY teams have developed a cloud-based GVRT to help companies insource their indirect tax function by leveraging the latest VAT and GST reporting technology available, redefining the standards of indirect tax compliance reporting process.
Key functionality
Why choose the EY GVRT?
The EY GVRT provides organizations with a flexible, scalable, cloud-based solution for global indirect tax compliance. It helps to:
- Reduce compliance process time
- Enhance controls and governance
- Manage indirect tax risk
- Improve data accuracy and access