VAT Implementation
The VAT regulation is expected to impact the Oman industry substantially. Every Organisation will have to battle quite a few challenges as it is expected that only fee based and few more services will be taxed at 5% while the rest will be exempted. Majority of the VAT levied can be irrecoverable. With a vision of Unified GCC VAT in future the equation will become more complex.
We are offering a unique combination of services where we are offering the Option of implementing VAT in Oracle EBS Tax, SAP OR implementing a VAT Rules Engines which can integrated with independent or stand alone systems.
VAT Rules Engine - iDempiere
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Out-of-the-box product
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Preset rules, definitions and parameterized.
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Integration / Interface with present ERP / Systems
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Centralized management of information and preset reports
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Simplified processes and easy identification
VAT Implementation – Oracle EBS
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VAT Implementation for the Oracle EBS On Premise / Fusion
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Improve on the Time Factor and Reliability during the implementation cycle.
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Single point of data entry through excel look like worksheets for all the data required for configuration and testing.
VAT Implementation – SAP
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Define VAT Registration level
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Customer/Vendor Tax Data and VAT Ledger
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Configure Tax and Pricing Procedure
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VAT Input and Output Tax Postings
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Input VAT Credit against Output Tax Payable
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•Tax Register Reports
VAT Automation Approach
