TechVista Systems implements VAT for Twenty-Two organizations
Rapid deployment helps UAE firms achieve full VAT compliance before January 2018 deadline.
- (1888PressRelease) February 07, 2018 - TechVista Systems, a global provider of IT solutions, has successfully assisted Twenty-Two organizations with ensuring compliance with new value-added tax (VAT) regulations. VAT implementation was performed for clients that use Microsoft Dynamics 365, AX 2012, NAV 5, NAV 2013, GP 2013, and GP 2018.
TechVista’s team implemented VAT ledgers, standard VAT inquiries, and reports, and updated vendor and customer master data with tax IDs. VAT codes were implemented for 5%, 0%, and exempt status, using all applicable jurisdictions, as well as VAT groups (reverse charge, standard rated, inter-company, exempted, zero-rated supplies, etc.). The team performed SQL collation for Arabic data, and also set up an FTA audit file and VAT return report according to UAE VAT requirements.
“Over the past two months, we have partnered with several organizations in the UAE to make sure that their implementation of all VAT rules and regulations takes place smoothly and efficiently,” said Adeel Edhi, Vice President at TechVista Systems. “Our technical experts have successfully assisted our esteemed clients with full VAT compliance by updating their enterprise systems to automatically apply VAT and maintain multi-year tax records as required by the FTA.”
The clients for whom VAT implementation was completed successfully include Albuainain Group KSA, ENOC, Dubai Autodrome, Fortress Group, Jumeirah International Nursery, Motor City, Sunmarke School, Tribe Fitness, Union Properties, and Uptown Mirdiff.
With over 100 successful Enterprise and Corporate implementations and regional offices in the UAE, Oman, and Qatar, TechVista Systems brings value to companies of all sizes through its solutions and professional services.
About TechVista Systems
TechVista Systems is a Microsoft Gold partner delivering innovative business solutions in customer relationship management (CRM), enterprise resource planning (ERP) and digital marketing. As a leading technology provider with more than 3,000 employees around the world, we help our local and international customers maximize their IT investments that drive business results. We leverage our deep technical skills, accelerators, frameworks, products, best practices, and Microsoft domain expertise in provision of these solutions to help our customers achieve their business goals by gaining a competitive edge regardless of their local environment. Visit us on our website www.techvistasystems.com or email us at info ( @ ) techvistasystems dot com.
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