Ramco offers UAE VAT-ready application
Published: Dec 20, 2017
By TIOLCORPLAWS News Service
NEW DELHI, DEC 20, 2017: RAMCO Systems, a global enterprise software company, focusing on enterprise cloud platform, products and services announced that Ramco’s Global Tax Engine is configured to address UAE VAT, which is one of the biggest tax reforms being introduced in the Gulf region. Ramco’s Finance and Accounting Suite will offer clients’a VAT-ready application to manage the new tax regime. Effective 1st January 2018, the UAE government will implement taxation in efforts to diversify its source of revenue. The scalable ERP Financials application from Ramco is VAT compliant and will enable clients’ adhere to statutory regulations as prescribed by the government. The Finance & Accounting module will also handle the input/ output credit and generate settlement forms, ensuring an efficient & accurate VAT compliant ERP – which is Cloud, Mobile and Chatbot enabled. Middle East businesses to benefit from robust Finance application which enables easy transition to Value Added Tax (VAT) regime.