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HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
VAT-compliance software launched for all businesses, tax payer individuals
By our business bureau April 17, 2018
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DUBAI: Bahwan CyberTek, a leading software solution provider from the region, has launched ManageMyVAT - a VAT-Compliance Software. The software has been designed by pioneers and legends of the industry to facilitaete businesses from SMEs to corporates, tax payer individuals and professionals.

According to K. Jayaramakrishnan, Consultant and former vice president of TATA Consultancy Services, the VAT, implemented in the UAE from January 2018, is ushering in a new era in the country. This is a positive indicator for the UAE economy to be well-accepted globally and also reduce its dependence on oil generated incomes. MMV is a highly adaptive software with rich set of functionalities covering tax payments, invoicing, accounting, compliance management and VAT filing.

S.Guru Subramaniam, Vice President - Operations, Bahwan, has emphasised that the return on investment can be justified since it makes the enterprise 100 per cent VAT-compliant as per the UAE VAT Law and submit proper returns thus preventing penalty payments. It has a framework to validate the data for VAT returns.

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