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VFDMS© – Virtual…

E-Registers and E-Services

VFDMS© – Virtual Fiscal Device Management System

A new generation fiscal sales data collection solution that simplifies the process of collecting taxes for Tax authorities and pays taxes for taxpayers in a simple, straightforward manner.

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Meet VFDMS©

Collecting More Sales Taxes

What if you could make it so simple to submit VAT and Sales tax payments that more taxpayers participate in the process? Would you like to reach the difficult-to-monitor informal economy and transform low-compliance rates? As a Revenue Authority, would you like to improve your reputation to gain trust?

 

VFDMS© is a new generation fiscal sales data collection solution which makes collecting taxes easy for Tax Authorities and paying taxes simple for taxpayers.

Customers and Tax Authorities Demands

We Meet Demands of:

Tax Authorities:

  • High level of trust through modern security means
  • Efficient ratio of VAT collection vs each dollar invested
  • Availability of real-time data to combat VAT non-compliance
  • Ability to timely influence taxpayer behavior

Customers:

  • Modern means to get receipt (electronic receipts)
  • Fast Service in the stores
  • Guaranteed evidence for warranty and refund claims

VFDMS© Software Helps Tax Authorities to:

Increase Tax Collection

Grow domestic revenues by collecting more sales tax.

Keep Businesses Compliant

Ensure sales and service businesses comply by making it easy to calculate and pay electronically from any device.

Increase Economic Growth

Stimulate the economy with healthy domestic revenues.

Monitor Data

Monitor hard to capture data from an informal economy.

Did You Know?

You can build more revenue by including Tax Administration automation for e-Commerce and Online businesses.

Download a Brochure

Tax authorities can use VFDMS© to collect more sales taxes, stimulate the economy and fight informal economies.

Enter your details to download the brochure.
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VFDMS© Features

  • 01
    Automated Transaction Surveillance

    Digital records on sales are promptly transferred and subjected to automated analysis tools that could identify possible inaccuracies or deviations within a certain time period, analyze the structure of trade turnover, monitor prices and conduct further assessments on the impacts of the economic policy.

  • 02
    Primary Source of Information

    Information stored in the taxpayers' account on the platform of the Tax Administrator is considered as the only genuine primary source of information. Taxpayers can access their information anytime by connecting to their own personal account with the help of public-key cryptography.

  • 03
    Positive Impact on Doing Business Environment

    The solution contributes to minimizing the financial burdens imposed on businesses by eliminating the necessity to use physical fiscal devices, thus increasing taxpayer’s voluntary compliance. These improvements would lead to a potential increase in a country's scores in the Ease of Doing Business Index.

We Provide Tools that Enable:

  • Use of modern POS solutions
  • Electronic fiscal data submission in near real time
  • New means of controlling and enforcing authority decisions
  • Single solution for business and private customers, for online and offline retailers
  • Co-existence with current traditional EFD technologies
VFDMS

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Product Benefits

GxP
Secure by Design

Minimizes the risk of data tampering due to encryption. Every receipt and report printed from the cash register can be encoded.

Transparent

Sends real-time transaction data to the Tax Administrator and ensures continuous monitoring of taxpayers.

Domestic Revenue Mobilization

Due to its affordability, VFDMS© enables tracking of VAT and Sales taxes on a national level.

Efficient

Eliminates the need for physical checks, saving time for both the Tax Administrator and the taxpayers.

GxP
Seamless Integration

VFDMS© is a modern services-driven solution. Its architecture approach allows to seamlessly integrate it into the existing ecosystem of any Revenue Authority.

Cost-Effective

Eliminates the need for physical fiscal devices and significantly reduces the administrative burden on businesses.

Download a Brochure

VFDMS© helps Revenue Authorities to improve sales revenue (VAT) collection. Our customers prove this is being possible to achieve without creating additional financial and technology burdens for the businesses.

Download a Brochure

Tax authorities can use VFDMS© to collect more sales taxes, stimulate the economy and fight informal economies.

Enter your details to download the brochure.
Full Name *
Company Name *
Your Position
Email Address *
Phone *

By clicking Download, you agree to NRD Companies Privacy Policy.

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Thank you!

We have sent an email with a download link.

Why Us?

  • 01
    An in-Depth Knowledge of the Subject

    We have an excellent understanding of financial and public sectors.

  • 02
    Bringing Change Since 1995

    Since 1995, we have been developing and maintaining mission-critical systems for governments around the globe.

  • 03
    20 Years of Expertise

    Tax management solutions are something we have been doing for over 20 years.

  • 04
    Effective Solutions

    We marry legal, consultancy, and information technology skills in order to effectively address digital infrastructure challenges.

  • 05
    Communities and Context are Important to Us

    We allocate time and resources to comprehend, engage with, and collect information about the context and communities in which our project will be deployed.

  • 06
    Long-Term Impact

    We make sure that the infrastructure is not another piece of software but something that has a positive long-term impact on the country or businesses.

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VFDMS© – Virtual Fiscal Device Management System

E-Registers and E-Services

A new generation fiscal sales data collection solution that simplifies the process of collecting taxes for Tax authorities and pays taxes for taxpayers in a simple, straightforward manner.

Learn more

Learn About Our Customers Success

Get Inspiration From Our Clients' Success Stories

Tax
Improving VAT Collection in Lesotho through the e-Invoicing Platform  

About the Client  The Revenue Services Lesotho (RSL) is the principal authority responsible for the…
Tax
Enhancing Tax Collection and Compliance Through Digital Innovation: Zimbabwe Revenue Authority's Fiscalisation Data Management System

About the Client  The Zimbabwe Revenue Authority (ZIMRA) is the governmental body entrusted with the…

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Insights That May Interest You

VFDMS© Related Insights

Press Releases
Trinidad and Tobago Modernizing Its Tax Payment Ecosystem
To Revive Economy after Pandemic, Employ New-Generation Tax Collection System
Racing for Ease of Doing Business Rankings
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