VAT in UAE - VAT Implementation in UAE - Tally Solutions VAT

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Tally ERP 9 UAE – VAT Accounting Software

Value Added Tax (VAT) is a generalized consumption tax that is taken on the majority of transactions of services and goods. Therefore a mechanism is needed to deduct the input tax to ensure the business act as tax agents or tax collectors on behalf of the government by collecting tax from the end consumers. Tally Dubai has an algorithm that can adjust the tax paid on the purchase of goods and referred to as ‘Input VAT’ and also with the VAT collected on sales as ‘Output Vat’. This software will calculate the balance liability and then notifies you on the amount of tax that needs to be paid to the government. Tally helps you manage all your accounts and record all your financial transactions in a VAT-compliant way. Analyze your business processes, practices, and procedures with respect to pricing, invoicing, procurement and logistics and associate them with VAT. Tally.ERP 9 UAE is a VAT-ready software that is packed with rich competency to help you with your transactions in a smooth manner.

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