Netcompany enters the Baltic market for the first time with a major multi-million euro deal in Lithuania. The deal emphasises Netcompany’s growing tax success in Europe following an agreement with the Swedish tax authority among others.
Netcompany enters the Baltics with a new agreement to modernise the tax infrastructure in Lithuania. The agreement is with the Lithuanian tax authorities, the State Tax Inspectorate (STI), and the project, which has a value of EUR 14 million, involves the development and implementation of the SOLON TAX system.
With this agreement, Netcompany strengthens its position as a leading provider of digital tax systems in Europe reinforcing the goal to ensure a more transparent and just critical infrastructure across the region.
»The agreement in Lithuania marks an important breakthrough for us in the Baltics and demonstrates the strength of our SOLON TAX solution across Europe. It demonstrates that our solution is both scalable and adapted to the regulatory requirements of different countries. This allows us to deliver an efficient implementation and support authorities in one of the most regulated sectors – tax,« says Alexandros Manos, CEO, Netcompany-Intrasoft.
Modernisation of the Lithuanian tax administration
The agreement with STI involves a comprehensive upgrade of Lithuania’s tax administration, integrating and modernising existing IT systems. The project provides an improved user interface and digital services that create a unified and efficient infrastructure, reduce data duplication, and make the system more user-friendly.
The platform not only improves the user experience for citizens, but also ensures smooth and secure tax collection. Netcompany now aims to continue rolling out the system to more European markets.
