With the impending VAT rollout in the UAE in just under seven
months, there's much to discuss about how technology could
support businesses, revenue officials and taxpayers.
Crowe Horwath has been running a series of VAT workshops, and
while the previous masterclass focused on the basic principles of
VAT implementation, today's seminar tackled some of the
practical issues in its implementation the design and operation of
VAT – based on the GCC VAT Framework Agreement -, the IT
aspect as well as legal risks.
There are two ways in which technology affects VAT. The first is
how taxpayers can apply technology to help calculate the tax due
and file the necessary returns. The second is how technology can
support revenue authorities in collecting the tax and auditing.
