Taxware, provider of sales, use and value added compliance software and services, announced the acquisition of VAT Resource, The Netherlands-based independent VAT technology, consulting and compliance outsourcing company.
The acquisition enhances Taxware’s VAT content for tax determination while adding global VAT capability to its compliance software and outsourcing services, and expanding European operations.
“Reducing risk and improving management and control in an increasingly complex VAT regulatory environment is absolutely critical to businesses trading internationally,” stated Andy Hovancik, CEO of Taxware. “By adding the products and specialized expertise of VAT Resource to our solution, we will strengthen Taxware’s international capabilities, reinforce our end-to-end tax determination and compliance solution, and better serve our global clients.”
Founded in 2005, VAT Resource utilizes experienced VAT specialists with backgrounds in Big Four consultancy and corporate VAT management departments to provide multinational clients with tailored VAT optimization, compliance and technology solutions.
“Our offerings make it possible for companies to reduce the risk of non-compliance, optimize VAT management and control, and streamline VAT operations,” stated Casper Winkelman, managing partner at VAT Resource. “Our unique capabilities, coupled with the best-in-class content and tax determination capabilities provided by Taxware, will allow our global clients to simplify and improve VAT management and gain unprecedented control of this vital tax function.”