As the Sultanate of Oman gears up to welcome Value Added Tax (VAT), many business owners will be left with the conundrum and the problem of calculating the new tax for their services and products. Tally Solutions has announced the launch of TallyPrime Release 1.1.3, a software that will assist the business owners transition to the new tax regime.
The software by the leading business management software provider will help businesses setup and print VAT bills in two languages- English and Arabic. With TallyPrime onboard, businesses can begin their VAT journey hassle-free. The software will be extremely helpful to businesses to remain compliant.
“TallyPrime is equipped with all essentials for VAT and will serve as an accelerator to help businesses in the country transition to VAT smoothly. The product has been meticulously designed keeping the user experience at the core, which will ensure legendry speed, simplicity and flexibility for business owners to comfortably manage and grow their business without needing to know the finer nuances of accounting or technology,” said VikasPanchal, Business Head- Middle East, Tally Solutions.
The software will also help the tax consultants and CAs by helping them generate VAT returns and audit report. As a result, they will be able to file VAT returns for their clients easily.
TallyPrime is accredited by GAZT (General Authority of Zakat & Tax) in Saudi Arabia and is also compliant with the VAT guidelines as prescribed by the FTA (Federal Tax Authority) of UAE.
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