InnoVAT - Modern VAT Management Solution

InnoVAT is a comprehensive tax management platform that helps businesses automate their VAT calculation, filing, and compliance processes across multiple countries and jurisdictions.

Key Features

• Automated VAT Calculation: Real-time calculation based on transaction details and current tax rules
• Multi-jurisdiction Support: Covers VAT requirements for over 60 countries
• Compliance Calendar: Automated reminders for filing deadlines and payment dates
• Digital Receipt Management: OCR technology to extract and store tax information from receipts
• Report Generation: One-click generation of VAT returns for different tax authorities
• Audit Trail: Complete history of all transactions and changes for audit purposes
• Integration Ecosystem: Connects with popular accounting software and ERP systems
• Tax Rate Updates: Automatic updates of changing tax rates and regulations

Technologies Used

• Frontend: Angular, TypeScript, NgRx, Bootstrap
• Backend: C# .NET Core, SQL Server
• Data Processing: Python for ML/OCR components
• Cloud Infrastructure: Azure, Kubernetes
• Security: OAuth2, AES-256 encryption for sensitive data
• Integrations: REST APIs, webhooks, SFTP for legacy systems
• DevOps: Azure DevOps, CI/CD pipelines

Development Approach

The system was developed using a domain-driven design approach with a focus on creating a flexible tax rule engine that could adapt to changing regulations. We collaborated closely with tax specialists to ensure compliance with international tax laws.

Business Impact

InnoVAT has helped businesses reduce tax compliance costs by up to 70% and minimize error rates in VAT returns by 98%. The platform processes over €500 million in transactions monthly and has saved clients an estimated €2.5 million in potential VAT penalties.