DUBAI: Tally Solutions, a leading international accounting and compliance software provider bases in India, marked the launch of its Value Added Tax (VAT) software at a hotel in Dubai on Monday.

Vikas Panchal, Business Head at Tally Solution in the Middle East, launching the software for SMEs said: “We are cognizant of the needs of the businesses and extremely happy to launch the VAT ready release in the UAE. Moving to a new tax regime can be a daunting task, especially for a region which is being introduced to VAT for the first time. Some immediate apprehensions that businesses are likely to face are moving to VAT smoothly, setting up their day-to-day transactions for VAT compliance and easy filing of returns.”

“Keeping this in mind, we have launched Tally. ERP 9 Release 6.3 which will enable businesses to set-up the software quickly and record and print VAT bills in Arabic and English with ease, allowing businesses to start their VAT compliance journey from day 1.The software’s unique in-built error detection and correction capability mitigates any errors in data. This gives business owners peace of mind in the wake of penalties and fines for non-compliance,” he said.