GTT, an Alicante-based technology company, specializes in software development and services that enable collaboration with public administrations on tax management. The firm led by Carlos Rico recently secured a contract for the commissioning and maintenance of a new Canary Islands Government tax platform. The contract, awarded to a joint venture between NTT Data Spain and the local firm Inerza, includes sanctions for the signing process and marks a significant step in modernizing regional tax administration.
Under this agreement, the Alicante company stands to earn more than 17.6 million euros, inclusive of taxes, with an implementation period spanning five years. Project financing will be supported by European Regional Development Fund (ERDF) allocations, as reported by the Public Sector Contracting Platform.
This move makes the Canary Islands the second autonomous community to adopt the system developed by GTT for regional tax management, following Cantabria, which awarded a similar service in November 2021.
GTT opens a new business line with the management of regional taxes
This expansion into autonomous communities is part of GTT’s broader strategy to extend its software and services for tax management across Spain. Today, the technology is deployed in more than 4,300 municipalities, reaching them either through direct municipal awards or via service contracts signed with 21 municipalities.
In addition to the awards for its new specialized platform, GTT conducts targeted studies for regional authorities, including projects in the Basque Country and La Rioja, as described by the company.
International expansion
Alongside its regional tax initiatives, GTT continues to grow internationally. The company completed an acquisition in the Dominican Republic and secured awards to implement national tax management platforms in Honduras and Costa Rica.
In Honduras, a contract signed in 2021 is financed by the Inter-American Development Bank, while the Costa Rica project, recently formalized, involves a 21 million euro initiative financed by the World Bank to modernize the country’s tax system.
British fund Stirling Square acquires Alicante tax management company GTT
GTT’s journey aligns with an ongoing modernization effort in the Canary Islands, where the tax platform renewal is a key component of the regional innovation plan. According to the Contract Platform data, the joint venture of NTT Data Spain and Inerza scored 92.4 for the proposal’s adequacy and quality, outpacing the competing bid, which scored 80.99. The price advantage was roughly 2.5 million euros.
GTT is recognized as a leading Spanish provider of tax management software and services. Last year, the group reported a consolidated turnover exceeding 48.5 million euros, reflecting more than 20% growth from the prior year. Founded in 1998 with savings banks as major shareholders, GTT has undergone several ownership changes before its acquisition by the British investment firm Stirling Square.