Focus Softnet announced that it is holding multi-city seminars on Tax Accounting and filling of VAT Returns using its cloud-based ERP solution on March 15, 2018 at Mövenpick Hotel, Bur Dubai in Dubai and March 19th, 2018 at Dusit Thani in Abu Dhabi. The full-day seminar will address various topics including the UAE VAT framework, business models and transactions with VAT implications, scope of services and goods covered, tax credit, statutory compliance, documentation, VAT accounting and invoice calculations, first VAT return, and changes in Focus ERP system.
“Since the formal launch of value added tax in UAE on 1st January 2018, Focus Softnet has been receiving requests from customers on the VAT process, on compliance and how they can improve the tax filing and returns further,” said Sunil Mathew, Chief Operations Officer of Focus Softnet.
“Our upcoming seminars in Dubai and Abu Dhabi, with an industry specialist, are an effort to update our vast community of small and medium businesses and enterprises of the latest regulatory changes that are now built into Focus ERP. In addition to the regulatory compliance, we will also be addressing the benefits of cloud based operational expenses models, simplification of technology complexity, and the benefits of public cloud upgrades,” Mr. Mathew added.
As guest speaker and taxation expert, Mr. Pankaj S. Jain of AskPankaj DWC, will give participants an overview of the UAE VAT process and address concerns and queries of participants on compliance, tax returns and other VAT processes. Mr. Pankaj has more than 14 years of extensive experience in India and Europe and specializes in the entire spectrum of VAT and GST indirect taxation.
“Focus Softnet wants to ensure that we go that extra mile for our customers. By partnering with industry tax experts, we want to give our customers a hands-on approach towards implementing and managing VAT inside the UAE. This seminar will also give our customers confidence in the updates that we are bringing into our solutions and keeping the solution up to date with various compliance requirements. Such a hands-on and practical approach can help small and medium businesses and enterprises jump-start their awareness and capability of managing VAT on a daily basis,” Mr. Mathew concluded.
About Focus Softnet
Established in 1992, Focus Softnet has a rich history of innovation, expansion and growth. Right from its first product, the company’s emphasis has always been on continuous R&D and teamwork to ensure that its products are feature-rich and built on state-of-the-art technologies.
Focus Softnet understands the challenges of today’s competitive business environment and the need for innovation, and to help address those challenges, the company offers custom-built IT solutions to help companies focus on what they do best – to drive business and accelerate their success.
Partnering with reputed organizations and business associates across the globe, Focus Softnet today has evolved into a true multinational organization with 27 offices in 17 countries across Asia, Middle East, Africa and North America. As an IT solutions provider with over 25 years of experience and multi-domain expertise, Focus Softnet’s consulting services and skill sets are backed by a vast knowledge-base and a keen understanding of what it takes to run and grow a business.
By re-engineering business processes and optimizing resources, developing and deploying user-friendly, flexible and cost-efficient industry-specific solutions, Focus Softnet has helped over 30,000 organisations across the globe grow their businesses by increasing operational efficiency and productivity.
For further details, please visit www.focussoftnet.com.