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