September 29 (SeeNews) - Bulgarian software company ERP.BG said it has developed a business management module to serve value-added tax (VAT) payments in the United Kingdom, the company said on Wednesday.
The new module will be added to the ERP.BG system's Version 2022, to be launched in February next year, ERP.BG said in a press release.
It will feature support for common trade procedures and tax types such as Construction Industry Scheme (CIS), Reverse Charge, Postponed VAT and Retention, among others. The UK VAT module is expected to strengthen the company's positions in the UK where it already has a subsidiary, ERP.net Corporation, as well as implemented projects.
"Our team's purposeful investments in innovations in the last years allowed us to create ERP software and a complete ecosystem of apps related to it which are able to compete with the world's best products in this industry. This is why the expansion of our activities on the international market is a natural next step in our development. And the interest more and more companies from various countries show towards our software is a testament that we are on the right track," Ivan Arjentinski, founder and managing partner of ERP.BG, said.
Apart from Bulgaria and the UK, ERP.BG currently also operates in North Macedonia, Serbia and the USA, while operations in Romania and Germany are expected to begin early next year.