Tally Solutions, a leading international accounting and compliance software provider, launched its value added tax (VAT) software - Tally.ERP 9 Release 6.3 at a recent event at Le Méridien Dubai Hotel & Conference Centre in Dubai, UAE.

“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,” said Vikas Panchal, business head at Tally Solution in the Middle East.

“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 added.

Businesses who do not have a proper accounting system, using manual book-keeping or spreadsheets are also concerned with VAT coming in as they will need to automate in order to be VAT compliant. Furthermore, there are concerns regarding the safety of the data with automation. Tally.ERP 9 is an extremely simple and easy to use business accounting system, a statement said.

 It makes the journey to automation very smooth and ensures businesses are always compliant. The product comes with multiple layers of security including user-level rights ensuring secure access to data. This assures business owners that their data is safe and accurate at all times and leaves them worry free.

The solution is not just designed for business owners but also simplifies life of tax consultants and chartered accountants as the software allows generation of VAT returns and audit reports at the click of a button, enabling them to file VAT returns for their clients easily and quickly.

“We bring with us a global experience of over 30 years in providing solutions for accounting and tax compliance. Recently in India, Tally has been instrumental in transitioning the small and medium businesses to GST, a complex tax reform with multiple layers of return filing,” said Tejas Goenka, executive director, Tally Solutions Pvt. Ltd.

 “We have been present in the UAE for the last decade and this has enabled us to get a thorough understanding of the businesses here and their requirements. Leading up to the introduction of VAT, we have upped our on-site customer support operations which will make it easy for people to find answers to VAT and any help that they may need with using our product. We are committed to helping GCC make a smooth transition to the new tax regime and remain VAT compliant.”

A single-user edition costs Dh2,340 ($637) and a multi-user edition costs Dh7,020 for a perpetual license. Tally’s existing customers with a valid TSS subscription can upgrade to the VAT ready Tally ERP 9 Release 6.3 for free. – TradeArabia News Service