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Retail Pro is Ready for VAT Changes in the UAE
Retailers in the UAE are busy complying with the recently issued Federal Decree Law No. (8) of 2017 on Value Added Tax, which outlines the tax scope, rate, responsibility for tax, supply of goods and services in all cases.
The VAT is to be implemented on January 1, 2018. Retail Pro users in the UAE are ahead of the curve, as Retail Pro software already comes equipped with customizable settings for VAT methods and over 15 years of proven track record of supporting VAT, sliding tax, and other complex taxation methods prevalent across the globe. View this video on VAT tax method in Retail Pro via Retail Pro TV and contact your Retail Pro Business Partner for more information on setting up your VAT tax settings.
For more information on how the law may affect your business view the VAT FAQ from the UAE Ministry of Finance.