Why accounting software is needed in UAE post VAT?
February 24, 2019

Since introduction of VAT in January 2018, businesses in UAE and Saudi Arabia, are being compliant and keeping their accounting and financial systems up—to-date.  In case, companies fail to do so, they are subjected to penalties, under Section 25 of Federal Law No.7.

Government has clearly stated that a business owner is solely responsible for adhering to all VAT requirements.  To be VAT compliant in UAE:

Businesses need to configure necessary changes to their financial management processes
Book-keeping software and accounting staff of their company needs to fulfill all

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