VAT

Value Added Tax

KEY FEATURES

• Fully Meets VAT Regulations for All Activities (Approved by GAZT)
• Flexible VAT percentage and Applicability Definition With Tiered VAT
• Support Sale & Purchase Classification with VAT Rate For Each Class
• Full VAT Capture and Submission Functionality (All Transactions)
• Capture and Validation of Previous Submissions and VAT Payments
• Full Reporting on VAT Returns, Payments, Claims and Adjustments
• Flexible VAT Return Period (Monthly or Quarterly)
• Auto Generate VAT JV Entries For VAT Return
• Support Of VAT Return Basis (Cash or Invoice)
• Produce VAT Return with Supporting Details