Perfonec Computers

The United Arab Emirates (UAE) Government is  officially moving forward  with a 5% value-added tax (VAT) which was started from January 1st, 2018. There are still many questions about VAT in UAE. We’ll answer some questions about the UAE VAT and show you exactly what it is, what it means for your trade, and what you’ll require to do to stay compliant. S o let’s start with the some important question: What Is the UAE VAT? The UAE VAT is a general consumption tax which will apply to the most of transactions of goods and services, including those bought from overseas. The tax was set at 5% which was implemented from January 1st, 2018. Value-added taxes (VAT) are calculated and collected incrementally and are based on the value of the product or service at each stage of production and distribution. So every stage of the product lifecycle will be taxed. The UAE VAT is the second major tax being enacted after the  Excise Tax .   What will The UAE...

The Federal Tax Authority’s (FTA) needs for accrediting the tax accounting software really reflects the promise of the Authority to simplify the taxpayer's life in adhering to the VAT compliance. This also emphasises the significance of usage of an accounting software in the journey of achieving 100 % fulfilment for businesses. The major objective which FTA wants to force through the Tax accounting software requirements is that the automation of all tax based everyday jobs of a taxpayer such as keeping track of records, payments, file VAT returns, generating FAF (Audit File) etc. Once the accounting software is accredited by FTA, it is definite to simplify the VAT compliance for businesses. The following are some of the key benefits of FTA Accredited Tax Accounting Software. 1.       Generating VAT compliant tax invoice, Debit note and Credit note 2.       Regular generation of VAT return form (VAT 201) with zero or minimum ...

Having a reliable partner providing IT services in Dubai that can carry your UAE needs will give you access to excellence solutions and a high level of safety. Perfonec Computers have the knowledge and the technology to put up all of your IT needs. We pride ourselves on the adaptable approach toward the provision of IT solutions in Dubai, UAE. Whether you are a corporate customer or an individual looking for IT home services, we’ll provide customised support. As a highly regarded IT company in Dubai, Perfonec Computers offers professional solutions across the UAE; like Computer hardware, VAT Accounting Software(QuickBooks, Sage 50, Tally ERP, Zohobooks),   Network setup, Digital Marketing, SEO, Website Designing and Smartphone’s. Choose Perfonec Computers and Get a Reliable Partner 1. We started our operations in the UAE in 2017 and successfully provide VAT Accounting Software’s and IT services to companies. 2. We are Authorised partners of Qui...

Zoho Books is smart online accounting software that will simplify your back office operations, make routine business workflows and help you securely work together with your accountant online.  Now you can get Easy And Quick VAT Reports in Emirates. Place of Supply as per FTA Rules in Tally ERP 9, QuickBooks and Zohobooks. Zoho Books is FTA Approved VAT Accounting Software which is available on Yearly based Subscriptions. It is designed for all business sizes, from small businesses to large business, and works well for services, consulting and marketing companies Zoho Books allows you to invoice your clients in their currency and it’s also available in 11 different languages. Zoho Books is a web-based function and is available on iOS, Android and windows app. Important Features of Zohobooks: 1.       Manage incoming money :- Using Zohobooks as your accounting tool you will get a clear picture of how much money your business is ...

What is VAT Returns? A VAT Return calculates how much VAT should be paid. I f your business is VAT registered, you must produce a monthly or quarterly VAT Return. Once you’ve created the VAT return , you can also record your payment or refund of VAT. Accounting Software automatically calculates VAT you owe depending on your VAT scheme and the rates you choose when entering your transactions. Once you have completed your VAT return you can then save, print or submit the VAT return online With online VAT software Sage UK , Quickbooks UK and Tally ERP you can calculate and submit your VAT return online in some simple steps. With built-in VAT tools, software helps you stay friends with the VAT man and gives you peace of mind. It supports all major VAT schemes and completing your VAT return is really quick and easy. Simply select the date range you want to run the report for and VAT Accounting Software will generate the VAT return based on the information you...

Zoho Books is a smart accounting system designed for growing businesses. Generally, it can be described as an intuitive accounting solution designed for small businesses to handle their finances and to remain on top of their cash flow. It is very simple, easy-to-use, and able to help you make intelligent, data-based decisions.  It is also the pioneer accounting product of a reputed software provider, which eliminates all worries related to uptime, support, or security. Zoho Books is a simple online accounting software application that syncs with your accounts and covers all the basics, allowing you to create and send invoices, track time and expenses, and generate reports. Benefits of Zoho Books 1.      Automates Bank Feeds 2.      Automates Payment Reminders 3.      Eliminates obstacles between sales and accounting departments 4.      Automates workflows and saves time 5. ...

The current business background demands organized accounting systems to maximize effectiveness and improve productivity . Establishing a suitable accounting system provides management with financial information necessary to make informed decisions . The accounting system we recommend will be modified to fit each of our client’s business requirements, designed to accept organic development requirements and scalable for major expansions. Selling of one Accounting Software includes following points: ·            Analyzing activities and suggesting the most suitable software ·            Assigning the knowledge of the operation of software ·            Training to personnel Review of systems on periodical basis ·            System implementation ·        ...

What is Designated Zone? A designated zone is a warehouse, zone or area inside the UAE where the Excise tax will not be applicable. It is also known as an excise warehouse. The designated zones are special zones for VAT purposes, which are generally considered outside of the UAE in terms of VAT. While VAT applies throughout the UAE, in the designated zones VAT generally does not apply.  He said any supply of goods within the notified designated zone or from one notified designated zone to another notified designated zone - subject to necessary controls and procedures being followed and conditions of providing financial guarantee, etc., if required being met - shall not be subject to VAT. Below is the list of the designed zones: 1. Abu Dhabi : Free Trade Zone of Khalifa Port; Abu Dhabi Airport Free Zone; and Khalifa Industrial Zone 2. Dubai : Jebel Ali Free Zone (North-South); Dubai Cars and Automotive Zone (Ducamz); Dubai Textile City; Free Zone ...