As per the VAT Framework Treaty, all GCC members aim to implement local VAT legislations from January 1, 2018 or at the least the first quarter of 2018. Both Saudi Arabia and UAE have announced a go-live date of January 1, 2018 for the GCC VAT law, and other GCC states are likely to follow suit shortly.
With its successful track record of implementing taxes in SAP, Accely has successfully achieved go live for all its customers in KSA & UAE region with VAT Implementation. The implementation covers various companies across Saudi Arabia & UAE; covering various lines of businesses such as Manufacturing, Construction, Retail, Professional Services, etc..
The CEO of Accely said, we are happy to announce that we have been assisting our clients in this strategic initiative and getting very encouraging feedback from clients for Successful Implementation of SAP VAT.