VAT ENABLED TALLY ACCOUNTING – TALLY VAT UAE

Value Added Tax (VAT) is a generalized consumption tax that is taken on the majority of transactions of services and goods. Therefore a mechanism is needed to deduct the input tax to ensure the business act as tax agents or tax collectors on behalf of the government by collecting tax from the end consumers. Tally Dubai has an algorithm that can adjust the tax paid on the purchase of goods and referred to as ‘Input VAT’ and also with the VAT collected on sales as ‘Output Vat’.

Leave a Reply

Your email address will not be published. Required fields are marked *