A multinational chemicals and energy group with operations in 32 countries and a workforce of over 30,000 employees. The business is engaged in the production and marketing of liquid fuels, petrochemicals, and electricity, with a strategic focus on natural gas.
Given the scale and complexity of its operations—spanning numerous subsidiaries and joint ventures-the group required an experienced VAT partner to conduct a comprehensive review of historical VAT processing across 15 legal entities.
Using proprietary analytics methodologies, we identified various anomalies and inefficiencies in VAT processing. The review revealed inconsistencies in the treatment of many recurring, high-value supplier transactions. As a result, the group successfully recovered over R100 million (approximately €5 million/ £4.1 million) in unclaimed VAT. Beyond the financial impact, the engagement delivered lasting value by:
