We, the Trusted LOCAL Partner for VAT enablement

Our UAE / KSA VAT enablement program will help your organization to make your ERP compatible with Local VAT rules and regulations.

Oracle Value-Added Tax (VAT) Implementation Services

APPSTEC GCC VAT Enablement program

It would start with understanding key areas impacting your business model, and discussing and demonstrating different scenarios for the application of VAT. The implementation of changes will be managed through robust consulting and change management across various company stakeholders in the entire value chain.

Why Appstec?

AppsTec consulting, an Oracle GOLD Partner IT Consulting Company with Head office in UAE and offshore development center in Bangalore. We are the Trusted LOCAL Partner for VAT enablement, our UAE / KSA VAT enablement program will help your organization to make your ERP compatible with Local VAT rules and regulations.

01.

What is VAT ?

Let’s start with the basics. Value-added tax (or VAT) is an indirect tax added to a product’s sales price. It represents a tax on the value added to goods or services throughout their production process. VAT has been a standard source of revenue for governments around the world, in European countries like England, France, and Germany, as well as in Canada, Australia, and many others. Now, for the first time, companies in the GCC will have to collect VAT.

02.

Impact of VAT

Value Added Tax (VAT) is not just an accounting or tax challenge, it impacts every part of your business with regard to cash flow, costing of capital, pricing of products and services, financial reporting, tax accounting, compliance processes, supply chain, procurement and contracting, and all technology currently enabling this ecosystem. In addition, there will be significant configuration needs in your existing Oracle ERP system to meet all these changes.