VAT Solution for Financial Institutions in GCC Countries
Xelerate for GCC VAT, with over 200 indirect tax features pre-packaged into a simple and effective product, is uniquely designed to be an over-the-top (OTT) solution and can easily integrate with the bank’s existing technology landscape. The out-of-the box and end-to-end GCC VAT solution has been designed to de-clutter core engines, bring out the indirect taxation logic and ensure banks’ smooth journey towards GCC VAT compliance.
15 banks, across GCC, have partnered with us recently to comply to the newly launched GCC-VAT (Value added tax) regulation. Among them, the largest Islamic bank in the world, the largest bank in the Middle East and the No. 1 banks in Saudi Arabia and U.A.E.
We have also had tremendous success in India with the recently implemented GST (Goods and Service tax) regulations. We are the market leaders in India with over 23 banks and financial institutions using our solution.