Businesses are responsible and accountable to comply with the new law.
Businesses need to make changes to their core operations, financial management and bookkeeping, technology, and even human resources (accountants and tax advisors). Being compliant requires training, preparation, and the right support.
Business software readiness (accounting/ERP systems) is crucial as VAT impacts all transactions on a daily basis.
Your company's success in UAE VAT implementation will depend on your ability to prepare and deploy automated processes across the organization timely and quickly.