About Client
One of the largest retail and hospitality conglomerate in the UAE with 2,400 outlets in 20 countries across Asia and Africa.
Business Challenge
- Traditional accounting system caused expensive errors
- Difficulties in handling indirect taxes for the huge volume of transactions
- Restricted retrieval of line-level data, it complicates the generation of the FTA audit file
- Validating and verifying data as per the FTA norms (Govt. body in UAE)
Our Solution
- Implementation of the data warehouse to collect data from multiple legacy systems easily
- Implementation of an automated Indirect Tax Return and Compliance Solution to automate the generation of VAT returns, audit files, and input tax apportionment
