The road to VAT compliance for the SME
On 1 January 2018, Federal Decree Law No. (8) of 2017 on Value Added Tax (VAT) will come into force. As from 1 January 2018, businesses in the UAE will be subject to taxes, and responsible for maintaining a proper set of accounts for their organisations, and making regular reports to the government.
Cobweb CompleteFinance is a cloud-based accounting solution built around the Microsoft Dynamics 365 platform, incorporating a financial module add-on module (available only through Cobweb) that provides the functionality to enable businesses to become VAT compliant.