TRIPS™-Tax - combines VAT/GST administration features with the administration of direct taxes and other duties, permits and licences in an integrated taxpayer ledger, accessible via TRIPS™ fully-featured online services module.
TRIPS™-Tax benefits:
- increases revenue through building of the tax base and reduction of fraud
- improves service to and relationship with taxpayers through efficient and transparent processes and improved customer relationship management, so encouraging taxpayer compliance
- ability to incorporate a variety of taxes, integrate direct and indirect taxes and provide better information management systems
- leverages our extensive experience in the management and reform of revenue administrations, tax authorities and customs agencies.
TRIPS™ brings together control facilities for managing multiple instances of both direct and indirect taxes. Laid across these business functions are a variety of tax management tools which allow 'whole authority' management of taxes and traders rather than following the traditional 'tax by tax' approach. Examples of these tax management tools are:
- Taxpayer Identification Number (TIN) registration
- Operational intelligence facilities
- Taxpayer audit selection and reporting
- Cashiering and payment processing
Together these allow for a 'single window' view of any taxpayer's activities in the form of an integrated ledger showing all tax transactions for all tax types (returns, payments, penalties) as well as operational intelligence and audit information.
Follow the link in the Resources section to download the TRIPS™-Tax brochure.