Email : info@traacc.comEmail : info@traacc.com
TRAACC is a well-designed software system that connects all the areas of your organization
- including those related to indirect tax.
Simply stated Value Added Tax, or VAT, is a tax that is levied at multiple stages as goods and services move across the supply chain to the final consumer. VAT is now part of doing business across the GCC, and staying compliant is essential.
Standard VAT rates differ between GCC countries
Exemptions and zero-rating depend on the industry
Businesses above the mandatory turnover threshold
need to register for VAT
Returns are filed periodically, typically every quarter
With VAT in force across the region, businesses
have to run their operations in line with the
regulations.
Tax included in invoices
Maintenance of records for the required retention period
Returns filing
Transparency in documentation
Whether you are registering for VAT for the first
time or keeping up with regular filing, make sure your
business is prepared to handle it.
Be ready with TRAACC. Created by our highly
trained team of experts, our software is rated one of the
best in operation.
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