VAT is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale.
The VAT has been levied from April ,16 2021, in the Sultanate of Oman and it is going to have an impact on all businesses across the region, and it is essential to assess the impact of VAT on business so that an efficient tax-compliant IT system is in place.
Accurate VAT processing is a major challenge for the everyday operations of businesses. Unseen flaws in the existing systems and processes can result in VAT overpayments that could cost your organization. We provide ERP solutions to the organizations to record and monitor VAT transactions effectively.
