Archive for the ‘Dubai and regional news’ category

Eid Mubarak from Synergy Software Systems to one and all.

June 14th, 2018

The first day of Eid Al Fitr – which translates in Arabic to the feast of breaking the fast – marks the end of Ramadan and coincides with the first day of the lunar calendar month of Shawwal.
Eid al-Fitr 2018 in United Arab Emirates will likely this evening of Thursday, June 14 and end in the evening of Sunday June 17
Our offices will be closed Friday, Saturday, Sunday.
With Ramadan ended our normal office working hours resume Monday at 9am.

Free parking in Dubai for Eid Al Fitr 2018

June 11th, 2018

Its reported that U.A.E. Residents will be able to enjoy four days of free parking in celebration of Eid Al Fitr, announced the Roads and Transport Authority (RTA) on Monday. Eid Al Fitr is yet to be announced, but it is thought it will fall on June 15 and on that basis:

From 29 Ramadan to 3 Shawaal 1439H, which falls on Thursday June 14 to Sunday June 17, all public car parks will be free, except for multi-level parking terminals,

The parking tariff will be re-activated on Monday June 18 – as of 4 Shawaal 1439H,

The Dubai Metro stations on the Red Line will be operating on Thursday, June 14, from 5am to 2am (of the following day) and on Friday, June 15, from 10am to 2am (of the following day). From Saturday to Monday (June 16-18, 2018), the service will be running from 5am to 2am (of the following day).

The Dubai Metro Stations on the Green Line will be operating on Thursday, June 14, 5.3am to 2am (of the following day) and on Friday, June 15, from 10am to 2am (of the following day). From Saturday to Monday (June 16-18, 2018), the service will be running from 5.3am to 2am (of the following day).

The Dubai Tram will operate from Saturday to Thursday from 6am to 1am (of the following day), and on Friday from 9am to 1am (of the following day).

VAT on bank charges in the U.A.E. Yes? No? Maybe

February 18th, 2018

On the 28 December 2017, the United Arab Emirates (“UAE”) Central Bank issued “Notice No. 421/2017” to Head Offices of National Banks, Main Branches of Foreign Banks and Finance Companies Operating in the UAE with a subject title “Clarification of VAT Application” (“Notice”). This notice clarified the UAE Central Bank’s position regarding the levy of Value Added Tax (“VAT”) on certain fees charged by banks and finance companies.

“Banks and finance companies should comply with Central Bank’s Regulations 29/2011 regarding Bank Loans & Other Services Offered to Individual customers, and service charges collected from customers shall be within the limits specified in Annexure 2 of the said Regulations. Banks and finance companies will not be permitted to exceed the fees structure for individual customers because of VAT. Similarly, banks are required to maintain and not increase their existing fees structure and levels for non-individual customers as a result of VAT.

Therefore, the banks and finance companies shall absorb the applicable VAT until further instructions from the Central Bank. Similarly, any applicable VAT on the services provided by the Central Bank shall be absorbed by the Central Bank.”

This Notice was not aligned with the understanding of many financial services providers, where the interpretation is that charging VAT on their (maximum) fees and commissions is not an increase in fee but rather is a levy of tax on behalf of the Federal Tax Authority in accordance with the Federal Decree – Law No. (8) of 2017 on Value Added Tax (“ VAT Law”) and had announced a VAT levy would apply.

Some areas remain uncertain under the Notice, notably with regards to the application of the restriction to existing fees structure and levels for non-individual customers, as the maximum limits for fees and commissions listed in Appendix 2 of the Central Bank Regulations 29/2011 are applicable to retail customer service only.

As indicated in the Notice, a further review in consultation with relevant stakeholders will be undertaken.
see for example https://www.khaleejtimes.com/business/local//will-uae-banks-increase-their-fees-due-to-vat-find-out

EAM, field service, IOT and Holo lens -ask Synergy Software Systems, Dubai

February 17th, 2018

The digital world is already here and what seemed science fiction few years back we now accept as everyday. Voice activated commands on our smear phone now also query our databases and update our dashboards, remote medical checks are done at an atm, artificial intelligence and big data influence our live every time we log onto google, amazon, facebook or ring a callcentre.

We have been investigating IoT for over a year, particularly with regard to condition monitoring for asset management and several of our team were involved in recent training that included a hands on session for Microsoft Field Services. This is built on the Dynamics 365 platform as an extension of CRM and offer comprehensive features for field service: help desk, engineer scheduling and mobile operations. Field service is aimed at service companies with a large field force of service engineers and is typically integrated with erp systems and thus the overall project can be quite complex. To reduce the risk and implementation time we offer a proven accelerator.

We also offer a Enterprise Asset Management suite which is successfully deployed in several leading UAE companies for a number of years particularly for asset tracking.

In Dynamics 365/2012 for Ax EAM also needs to consider that both engineers and equipment may be sued is production or on projects. Thus engineering and maintenance scheduling also has to consider in house planned and breakdown maintenance and servicing and more complex overhauls and asset structures, the impact of equipment downtime on production schedules and much more. We offer a Microsoft certified isv integrated suite of EAM modules built on the Ax 2012/D365 platform that covers both field service and mobile as well as in in house maintenance.

Predictive maintenance and SCADA integration and extensive condition monitoring., embedded and Power BI analytics are no longer rocket science.

At a recent client 4 day workshop we demonstrated HOLO lens assisted reality to support engineers. This can for example be used to provide step by step guidance or for collaboration from the field with an OEM a remote manufacturer, or your chief engineer.

Omanisation temporary ban on visa for 10 sectors

January 29th, 2018

The Sultanate of Oman wants companies to employ Omani professionals.

Oman has issued a six-month ban on issuing of work visas for expatriates in ten sectors, including: information systems, engineering, aviation and certain technical professions.

Sheikh Abdullah bin Nasser Al Bakri, the sultanate’s Minister of Manpower, issued the new regulation, which will begin with immediate effect.

Over the last decade, the expat workforce in Oman has almost tripled, according to Oman’s National Centre for Statistics and Information. It has risen from 660,950 in 2007 to 1,825,603 people in 2016.

The decree does not include companies owned by employers wholly devoted to management of their establishments which are registered with the Public Authority for Small and Medium Enterprises Development and insured with the Public Authority for Social Insurance (PASI).

The Knowledge and Innovation Dirham Fee

January 29th, 2018

A new law aims to engage the community in supporting educational and cultural projects in Dubai.

The Knowledge Dirham Fee, set at AED10, will be levied on all transactions for government services in Dubai including federal government services whose revenues are allocated to the Public Treasury of the Government of Dubai.

The Innovation Dirham Fee aims to support innovation-related projects and involve the public in supporting innovation.

As per the law, Dubai government entities will charge an Innovation Dirham Fee of AED10 for all transactions.

The revenues generated from the Fee will be allocated to the Dubai Future Foundation (DFF). An Innovation Dirham Investment Committee will be established to explore opportunities for investing revenues from the Innovation Dirham, WAM added.

The Knowledge Dirham and Innovation Dirham will not be refunded when transactions are cancelled. The fees only apply to transactions of more than AED50.

Healthcare services provided by government entities are exempted from the Knowledge Dirham and Innovation Dirham, in addition to traffic fines for violations committed in Dubai which are collected in other emirates or other GCC countries, as well as fines for violations committed in other emirates or GCC countries collected by authorities in Dubai.

Cyber attacks doubled in 2017 – expect 2018 to be worse.

January 27th, 2018

Cyber attacks on businesses nearly doubled in the past year. A new report, the Cyber Incident & Breach Trends Report, released by the Online Trust Alliance (OTA) found 156,700 cyber incidents last year, compared to 82,000 in 2016. The OTA is a Internet Society initiative designed to improve online trust.

The organization believes that since a majority of cybersecurity attacks are never reported, the number of cyber incidents last year could actually be closer to 350,000. “Surprising no one, 2017 marked another ‘worst year ever’ in data breaches and cyber incidents around the world,” said Jeff Wilbur, director of the OTA initiative at the Internet Society. “This year’s big increase in cyberattacks can be attributed to the skyrocketing instances of ransomware and the bold new methods of criminals using this attack.”

The OTA claimed that most of the incidents could have been prevented easily – 93 percent of breaches could have been avoided by regularly updating software, blocking fake emails, and training people to recognize phishing attacks.

52 % of security incidents were the result of an actual attack.
15 % resulted from a lack of security software,
11 % were caused by credit card skimming,
11% resulted from companies not having controls to prevent employees’ negligent or malicious actions,
8 % were the result of phishing scams.

Electron is a node.js, V8, and Chromium framework created for the development of cross-platform desktop apps with JavaScript, HTML, and CSS, The Electron framework is popular and widely used by a range of desktop app services. Skype, Signal, Slack, Shopify, and Surf are among the users, A critical vulnerability affecting Electron desktop apps has recently been disclosed.

Regular patching has always been a best practice and neglecting it is a known cause of many breaches.

In 2017 the Equifax breach brought home that message

In 2018 a patching strategy needs to be integral to your processes because of the Spectre and Meltdown vulnerabilities reported (see our earlier posts) when it was highlighted that nearly every computer chip manufactured in the last 20 years was found to contain fundamental security flaws.

VAT key steps – Synergy Software Systems, Dubai.

January 8th, 2018

- Maintain regular accounting books and records

Account maintenance is now mandatory under UAE VAT Law and it facilitates the correct receipt and payment of cash and other transactions entered by a company. Audited accounts will be needed so don’t wait till year end to find an auditor that suits your business.

2- Make changes to the core processes and accounting departments

It is important to change your core processes and adapt your accounting departments to achieve tax compliance. For SMEs, with limited transactions, the task is easier as the transition is less likely to require significant systematic change or they might use an external bookkeeper or tax agent.

3- Train staff, especially financial management

Employees need proper insight around GCC-wide initiatives to implement VAT across the region and how companies should prepare. Help them de-mystify VAT by providing on the job training and a framework to raise and clarify queries. Avoid disputes with trading partners and ensure staff have the relevant information and training to resolve issues that arise.

4- Review your contracts and the contracts and conditions agreed with dealers

Many businesses negotiated contracts at a time VAT was not payable but running across the implementation dates. It is time to now bring contracts into step with the UAE’s economic context.

- Consider accounting software for bookkeeping

Electronic reporting systems are increasingly being used by tax authorities. The ability to produce the required audit file details on demand will be difficult without a system. Companies that use electronic invoicing are likely to improve the timing of VAT recovery on costs.

6- Adhere to VAT deadlines

Register your company to avoid a fine as severe as AED 20,000. The Federal Tax Authority (FTA) has already been extend the deadline to the 1st January and if you don’t complete VAT registrations you will also have to stop sales till you get your tax registration certificate (TRC).

Note initial returns are due 28 January 2018 so time is running out.

7- Study UAE tax legislation

The implementation of taxes in the UAE came with a whole new set of procedures. we recommend to study and get familiar with the different laws in place including the UAE VAT Law and to discuss with your auditor, tax agent and software provider.

8- Keep an eye out for new information

There have been a slew of clarifications in the last month and some details are still not finalised e.g. with regard to free zones, or which companies will report monthly and which quarterly.

G.C.C VAT transitional arrangements

December 17th, 2017

A​bout ​two​ ​weeks​ ​ago,​ ​H.E.​ ​Khaled​ ​Al​ ​Bustani,​ ​Director​ ​General​ ​of​ ​the​ ​Federal​ ​Tax​ ​Authority
(“FTA”),​ ​announced​ ​on​ ​the​ ​radio​ ​that​ ​the​ ​UAE​ ​will​ ​treat​ ​movements​ ​of​ ​goods​ ​between​ ​UAE​ ​and​ ​the
Kingdom​ ​of​ ​Saudi​ ​Arabia​ ​(“KSA”)​ ​as​ ​“Non-GCC”​ ​Exports​ ​(ie.​ ​when​ ​goods​ ​are​ ​shipped​ ​from​ ​the​ ​UAE​ ​to
KSA)​ ​and​ ​“non-GCC”​ ​Imports​ ​(i.e.​ ​when​ ​goods​ ​are​ ​shipped​ ​to​ ​the​ ​UAE​ ​from​ ​KSA).​ ​

This​ ​means that a ​transitional​ ​period​ ​will apply until​ ​an​ ​Electronic​ ​Service​ ​System​ ​is​ ​introduced​ ​and​ ​both
UAE​ ​and​ ​KSA​ ​consider​ ​each​ ​other​ ​as​ ​“VAT​ ​Implementing​ ​States”. It seems likely that will be both when the full G.C.C has introduced VAT and the electronic reporting system is established across the region.

U.A.E. VAT registration time is running out……..

December 17th, 2017

Companies in the UAE that have not got their tax registration number (TRN) yet will have to procure it within the next 14 days.

Companies who have not completed their VAT registration within the dates prescribed by the Federal Tax Authority (FTA) will have to pay a fine worth Dh20,000 and also stop sales until they get the TRN or tax registration certificate (TRC).

U.A.E. VAT rates

December 9th, 2017

The Federal Tax Authority (FTA) has announced the supplies that will be subject to Value Added Tax (VAT) as of January 1, 2018.Selected supplies in sectors such as transportation, real estate and financial services will be completely exempt from VAT, whereas certain government activities will be outside the scope of the tax system (and, therefore, not subject to tax). These include activities that are solely carried out by the government with no competition with the private sector, activities carried out by non-profit organisations.

The UAE Cabinet is expected to issue a decision to identify the government bodies and non-profit organisations that are not subject to VAT.

VAT treatment on select industries:
Education
Private and public school education (excluding higher education) and related goods and services provided by education institution 0%
Higher education provided by institution owned by government or 50% funded by government, and related goods and services 0%
Education provided by private higher educational institutions, and related goods and services 5%
Nursery education and pre-school education 0%
School uniforms 5%
Stationery 5%
Electronic equipment (tablets, laptops, etc.) 5%
Renting of school grounds for events 5%
After school activities for extra fee 5%
After school activities supplied by teachers and not for extra charge 0%
School trips where purpose is educational and within curriculum 0%
School trips for recreation or not within curriculum 5%

Healthcare:

Preventive healthcare services including vaccinations 0%
Healthcare services aimed at treatment of humans including medical services and dental services 0%
Other healthcare services that are not for treatment and are not preventive (e.g. elective, cosmetic, etc) 5%
Medicines and medical equipment as listed in Cabinet Decision 0%
Medicines and medical equipment not listed in Cabinet Decision 5%
Other medical supplies 5%

Oil and Gas:

Crude oil and natural gas 0%
Other oil and gas products including petrol at the pump 5%

Transportation:

Domestic passenger transportation (including flights within UAE) Exempt
International transportation of passengers and goods (including intra-GCC) 0%
Supply of a means of transport (air, sea and land) for the commercial transportation of goods and passengers (over 10 people) 0%
Supply of goods and services relating to these means of transport and to the transportation of goods and passengers 0%

Real Estate:

Sale and rent of commercial buildings (not residential buildings) 5%
First sale/rent of residential building after completion of construction or conversion 0%
First sale of charitable building 0%
Sale/rent of residential buildings subsequent to first supply Exempt
Hotels, motels and serviced accommodation 5%
Bare land Exempt
Land (not bare land) 5%
UAE citizen building own home 5% (recoverable)

Financial Services:

Margin based products (products not having an explicit fee, commission, rebate, discount or similar) Exempt
Products with an explicit fee, commission, rebate, discount or similar 5%
Interest on forms of lending (including loans, credit cards, finance leasing) Exempt
Issue, allotment or transfer of an equity or debt security Exempt

Insurance and Re-insurance:

Insurance and reinsurance (including health, motor, property, etc) 5%
Life insurance and life reinsurance Exempt

Food and Beverages: 5% VAT rate

Telecommunications and electronic services:

Wired and wireless telecommunications and electronic services: 5% VAT rate
Telecommunications and electronic services:
– Sovereign activities which are not in competition with the private sector undertaken by designated government bodies Considered outside VAT system
– Activities that are not sovereign or are in competition with the private sector VAT rate dependent on good/service ignoring provider

Not for Profit Organizations:

Activities of foreign governments, international organisations, diplomatic bodies and missions acting as such (if not in business in the UAE) Considered outside VAT system
Charitable activities undertaken by societies and associations of public welfare which are listed by Cabinet Decision Considered outside VAT system
Activities of other not for profit organizations (not listed in Cabinet Decision) which are not business activities Considered outside VAT system
Business activities undertaken by the above organizations VAT rate dependent on good/service ignoring provider

Free zones:

Supplies of goods between businesses in designated zones Considered outside VAT system
Supplies of services between businesses in designated zones VAT rate dependent on service ignoring location
Supplies of goods and services in non-designated zones VAT rate dependent on good/service ignoring location
Supplies of goods and services from mainland to designated zones or designated zones to mainland VAT rate dependent on good/service ignoring location

Other:

Export of goods and services to outside the GCC implementing states 0%
Activities undertaken by employees in the course of their employment, including salaries Considered outside VAT system
Supplies between members of a single tax group Considered outside VAT system
Any supplies of services or goods not mentioned above (includes any items sold in the UAE or service provided) 5%
Second hand goods (e.g. used cars sold by retailers), antiques and collectors’ items 5% of the profit margin

The UAE and Saudi Arabia are the two GCC member countries which will implement Value Added Tax (VAT) Reform from 1st January 2018 whereas the remaining member countries will implement over the coming years.

According to the UAE tax officials, it is anticipated that the new tax reform will help to generate nearly Dh12 billion (around 0.8 percent of GDP) revenue in the initial year after the introduction of the VAT. It might increase to Dh20 billion (around 1.2 percent of GDP) in the succeeding year (2019).

Diwali greetings 19 October 2017 from Synergy Software Systems

October 19th, 2017

Known as Deepavali, a Sanskrit word meaning “rows of lighted lamps”, it is one of the most popular Hindu festivals celebrated across South Asia. But it is also celebrated by Jains and Sikhs.

Diwali, the festival of lights, sees millions attend firework displays, prayers and celebratory events across the world every autumn. The main theme is the triumph of light over darkness and good over evil something to which we can all relate to no matter what our religion.

Diwali falls between October and November, but the exact date changes each year as it is marked by the Hindu lunar calendar. It lasts five days in total, with the festival of lights falling on the third days of celebrations, which is marked on the 15th day of the Hindu month Kartik. This year that falls on 19 October.

The festivities begin with Dhanteras, followed by ‘Narak Chaturdasi’, Deepawali on third day, ‘Diwali Padwa’ on fourth and ends with ‘Bhai Dooj’

May The Beauty Of Deepavali Season
Fill Your Home With Happiness,
And May The Coming Year
Provide You With All
That Bring You Joy!

When You Can Make Someone Else Smile
When You Can Be Someone’s Ally
That’s When You Can Yourself Be Glad
That’s When You’ll Have A Happy Diwali!

Deepawali Ka Ye Paawan Tyohar,
Jeevan Mein Laye Khushiya Aapar,
Laxmi Ji Viraje Aapke Dwar,
Subhkamnayen Hamari Karen Sweekar!!
Wish You And Your Family A Very Happy Diwali

Please note that Synergy offices will close at 5 pm today.

VAT registration U.A.E. – act now deadlines are imminent

October 17th, 2017

The UAE Federal Tax Authority (FTA) online portal is open 24/7 to allow for taxpayers to register for VAT purposes. The FTA has also determined the deadlines for the application for VAT registration based on business turnover.
For larger companies VAT registration is required by 31 October 2017, and such businesses should
immediately consider the timeline requirement given their turnover profile and the other registration
requirements.
Businesses that are required to register for VAT will need to set up an online account on the FTA website and complete the VAT registration form.

The FTA has announced that a phased registration approach has been introduced. In particular, those businesses that meet these criteria must comply with the relevant application dates for registration:
● Businesses with an annual turnover exceeding AED 150 million must apply for registration by
31 October 2017
● Businesses with an annual turnover exceeding AED 10 million must apply for registration by 30 November 2017

● Remaining businesses with an annual turnover exceed the mandatory registration threshold
(expected to be AED 375,000) must apply for registration by 4 December 2017
Prior to the fulfilment of the VAT registration form, the FTA provides a “Getting Started Guide” that shares essential information that businesses should be aware of. This includes information on the registration criteria, registration of a VAT group, and necessity to register if only zero-rated supplies are made.

Additional details clarifying the VAT registration mechanism are found in the VAT registration guide, a document posted on FTA online portal under the “Advice” tab. This document captures the
calculation of turnover for VAT purposes, a walk-through of VAT registration through the FTA
registration portal, registration of a VAT group and types of books and records required to be held by a
taxpayer to ensure accurate tax compliance.

We strongly advise for businesses to visit the FTA website to initiate their VAT registration application by
their applicable deadline after having considered the guidance provided by the FTA and other advice
as required (for instance VAT Grouping).
Businesses should allow time to compile the required information for the VAT registration.

VAT in the U.A.E. – time to act.

October 16th, 2017


VAT, as a general consumption tax, will apply to the majority of transactions in goods and services. A limited number of reliefs may be granted.

As a result, the cost of living is likely to increase slightly, but this will vary depending on an individual’s lifestyle and spending behaviour. If an individual spends mainly on those things which are relieved from VAT, he is unlikely to see any significant increase.

The government will include rules that require businesses to be clear about how much VAT an individual is required to pay for each transaction. Based on this information, individuals can decide whether to buy something.

Implication of VAT on businesses

Businesses will be responsible for carefully documenting their business income, costs and associated VAT charges. Businesses that meet the minimum annual turnover requirement (as evidenced by their financial records) will be required to register for VAT. Businesses that do not think that they should be VAT registered should maintain their financial records in any event, in case the ministry needs to establish whether they should be registered. The FTA does have the power to conduct audits on taxable persons and subsequently impose penal measures on those that are not compliant with the law.

A business must register if the total value of their taxable supplies made within the UAE exceeds the mandatory registration threshold over the previous 12 month period, or they anticipate making taxable supplies with a value exceeding the mandatory registration threshold in the next 30 days.

The mandatory registration threshold is AED 375,000.

A business may also apply to register if they do not meet the mandatory registration criteria and the total value of their taxable supplies or taxable expenditure in the previous 12 months exceeds the voluntary registration threshold, or they anticipate that the total value of their taxable supplies or taxable expenditure will exceed the voluntary registration threshold in the next 30 days.

The voluntary registration threshold is AED 187,500.

For the purposes of understanding whether a registration obligation exists, a taxable supply refers to a supply of goods or services, made by a business in the U.A.E., that may be taxed at a rate of either 5%, or 0%. Imports are also taken into consideration for this purpose, when a supply of such goods or services would be taxable when made within the U.A.E.

VAT registration require some official documents. Before submission of an application some important documents must be completed. Businesses will get VAT registration in the form of a VAT certificate, with the help of official documents. Every VAT certificate will have a specific identification number. The identification number will be essential for all the tasks to be carried out for VAT in UAE.

The process for VAT registration and fee submission will be done online. Following documents are required for the registration of VAT in UAE.
1. Copy of Trade License
2. Passport copy of the owner/partners who owns the license
3. Copy of Emirates ID of the owner/partners who owns the license
4. Memorandum of Association (MOA)
5. Contact Details of company (complete address & P.O Box)
6. Concerned person contact details
7. Email of the concerned person
8. Copy of all bank accounts and statements including IBAN
9. Owner has any other entities?
10. Income statement for the last 12 months
11. Expected revenue and expense for the next 30 days after VAT implementation
12. Are they exporting, or importing?
13. Are they dealing with any custom department? If yes. What is the custom code?
14. Are they doing business with any other G.C.C. country? (Country name)
15. If these are representing more than one entity, whether they want one tax group number for allof the entities, or separate tax numbers for each entity.
16.Experience of business (Owners or directors involved in any previous businesses before for the last 5 years?)

The submission of the documents will be done when you have registered online.
After online VAT registration and fees payments, you will be allowed to submit the documents. After the verification of the documents and completion of the process, a VAT certificate will be provided.

VAT will be charged at 0% in respect of the following main categories of supplies:

Exports of goods and services to outside the GCC States that implement VAT
International transportation, and related supplies
Supplies of certain sea, air and land means of transportation (such as aircrafts and ships)
Certain investment grade precious metals (e.g. gold, silver, of 99% purity)
Newly constructed residential properties, that are supplied for the first time within 3 years of their construction
Supply of certain education services, and supply of relevant goods and services
Supply of certain Healthcare services, and supply of relevant goods and services

The following categories of supplies will be exempt from VAT:

the supply of some financial services
Residential properties
Bare land
Local passenger transport

Registered businesses and traders will charge VAT to all of their customers at the prevailing rate and incur VAT on goods/services that they buy from suppliers. The difference between these sums is reclaimed or paid to the government.

VAT-registered businesses generally:
• must charge VAT on taxable goods or services they supply
• may reclaim any VAT they have paid on business-related goods or services
• keep a range of business records which will allow the government to check that they have got things right.

VAT-registered businesses must report the amount of VAT they have charged and the amount of VAT they have paid to the government on a regular basis. It will be a formal submission and it is likely that the reporting will be done online.

If they have charged more VAT than they have paid, they have to pay the difference to the government. If they have paid more VAT than they have charged, they can reclaim the difference.

Please note there will be a year end rush on consulting services we have already received over 100 inquiries for software consulting support so don’t leave it too late.

Happy 25th anniversary Bayara

October 1st, 2017

Just a short note of congratulations to our customer Bayara celebrating their 25th anniversary (just a year behind our 25th anniversary).

Its always satisfying to see our customers grow using the solutions we implemented and support for them, and proving that the right business systems and partner adds value.