Chennai – Ramco Systems, a global enterprise software company focusing on enterprise cloud platform, products and services today announced that Ramco’s Global Tax Engine is configured to address UAE VAT, which is one of the biggest tax reforms being introduced in the Gulf nation. Ramco’s Finance and Accounting Suite will offer clients’ a VAT-ready application to manage the new tax regime.
Effective 1st January 2018, the UAE government will implement taxation in efforts to diversify its source of
revenue. The scalable ERP Financials application from Ramco is VAT compliant and will enable clients’ adhere
to statutory regulations as prescribed by the government. The Finance & Accounting module will also handle
the input/ output credit and generate settlement forms, ensuring an efficient & accurate VAT compliant ERP –
which is Cloud, Mobile and Chatbot enabled.