A Guide to Make One of the Most Important Business Technology Decisions
If you are a business owner in Dubai, you know it’s not a joke. Between the competitive market, shifting VAT regulations, and increasing customer expectations that are always just a bit higher than yesterday, it can feel like you’re juggling swords, that too — blindfolded.
Well, you have a renowned savior now, and that’s ERP — Enterprise Resource Planning Software.
But here's the truth many of you will admit upfront:
Choosing the right ERP Software isn't nearly as hard as choosing the right ERP vendor.
But before we talk about vendors, let’s slow down and really ask: Why do businesses even need ERP in the first place?
In the past, businesses could rely on separate tools for different functions. One app for invoicing, another for HR, a third for inventory, and excel for everything in between.
But the problem with that model?
Nothing talks to each other. You’re manually reconciling numbers and chasing down updates. Ultimately this leads to making decisions on guesswork.
ERP changes that efficiently. It connects the dots while automating workflows and gives you a single source of truth. Also, it promises to bring people, products, purchases, payments, everything under one roof and simplifies complicated processes.
If you’re anywhere in the Middle East, here’s what modern ERP brings to the table:
And it’s not just for multinationals anymore. Today, even small and mid-sized businesses across the GCC are investing in ERP to stay competitive.
Basically, ERP lets you run your business like a grown-up.
Now this part gets a bit tricky. Because every vendor is out there promising the moon and stars.
But here’s the thing. You don’t need the moon. You need someone who understands your street. Now imagine your vendor doesn’t understand how your business works.
They rush implementation, miss key workflows, and overlook your reporting needs. And the cherry on the top, they offer little support post-deployment.
Unfortunately, this story is more common than you’d think.
ERP Solution is only as good as the team that configures, customizes, and supports it. That’s why choosing the right ERP vendor in the UAE is perhaps more important than the software itself.
Here’s what defines a right ERP partner:
Well, that brings us to one of the most trusted ERP vendors in the UAE — Peniel Technology.
Let’s break it down. Because we don’t push just one product—we give you options based on your size, industry, and chaos level.
Elate is built for businesses in Dubai and the Middle East. That means it’s not some imported system trying to figure out how tax laws in the Middle East work.
Why people love it:
And the best part is it’s customizable. So you don’t have to change your business to fit the software. The software adapts to you.
If you’re a small or mid-sized business, chances are you’ve already heard of Tally. It’s like the comfort food of accounting software.
As an authorized partner of Tally Software, we don’t just sell it—we offer:
If you want something modular, modern, or Sleek, then Odoo is your star. It is a beast—but only in the hands of someone who knows what they’re doing:
Apart from the above, Peniel Technology also provides ERPNext, Sage, QuickBooks, and ZohoBooks. If your business is still growing into a full ERP System, these lighter tools might be your jam.
They are fast and work beautifully for manufacturers, distributors, and service providers.
Also, these tools are made for finance-heavy businesses.
If you:
Then yeah—Peniel is probably your match.
At Peniel Technology, we have been helping companies across UAE, Oman, Qatar, Bahrain, and KSA make smarter, data-driven decisions through tailored ERP systems.
With a multilingual team, regionally trained experts, and dedicated customer support, we’ve earned the trust of 14k+ clients, from family businesses to large enterprises.
ERP Application
And how the right software can turn opportunity into ownership
There’s something electric about Dubai. The way the skyline seems to grow a new tower every time you blink. The way business meetings happen over Arabic coffee at 9 a.m. and by sunset, million-dirham deals are already inked. You can feel the ambition in the air. And for global real estate developers, this isn’t just an impressive city — it’s a golden stage.
Over the past decade, Dubai has quietly, then loudly, become one of the most sought-after real estate investment hubs on the planet. But what exactly is drawing developers from every corner of this planet?
Let’s get the answer.
Dubai isn’t just geographically lucky, it’s intentional. It became a true global crossroads, due to its position between East and West, with fast air connections to Europe, Asia, and Africa. For real estate developers, this opens access to a wider audience of buyers, renters, and business partners than almost anywhere else.
So, you’re not just building in Dubai — you’re building for the world.
Money matters — because in real estate, the numbers speak louder than the brochures.
That's why Dubai offers:
That’s not just attractive — it’s irresistible. Developers have the freedom to scale, experiment, and earn without watching their profits get eaten by red tape and endless taxation.
Dubai isn’t developing — it’s redefining development. From world-class public transportation to smart city initiatives and green-certified buildings, the government is building not just for today but for the next 50 years.
Mega projects like Dubai South, Expo City, and the Dubai Creek Harbour show a city that’s thinking in decades, not quarters.
This kind of long-term vision gives real estate developers room to think big — and build bold.
There’s another number that matters: people.
According to official projections, Dubai’s population is expected to exceed 6 million by 2040. That’s a surge of expats, professionals, and families looking for homes, offices, retail spaces, and more.
So, the demand is not just steady — it’s accelerating. And a high demand is the heartbeat of a strong real estate portfolio.
Sunshine 365 days a year, luxury shopping, a nightlife that rivals Ibiza, world-class healthcare, low crime, and the tallest building in the world casting its shadow over open-air cafés.
You don’t need to sell Dubai — it sells itself.
For real estate developers, that means less time marketing the city, and more time marketing your properties.
If everything sounds so perfect, why isn’t everyone successful here?
Well, In Dubai’s ultra-fast, hyper-competitive real estate scene, success isn’t only about building skyscrapers. It’s all about managing them efficiently, intelligently, and of course digitally.
That’s where PMS enters the conversation. And not just any software. Let me introduce you to something designed specifically for this market.
Brought to you by Peniel Technology
At some point, every property developer faces the same problem. Too many properties, tenants, spreadsheets — and not enough time.
Elate Real Estate Property management software was built to fix that. Completely.
Whether you manage a single luxury building or an entire portfolio of villas, malls, and commercial towers, Elate gives you one platform to control it all — effortlessly.
It tracks every tenant from lease agreements to payment status — in one central place. Besides, it provides automatic reminders and digital notices. Which means, no more missed renewals or awkward follow-ups.
It’s time to forget manual receipts and WhatsApp rent requests because Elate PMS generates digital invoices, accepts online payments, and records & reconciles with just a click.
Want to know which unit is vacant right now? This PMS provides real-time availability, so you don’t have to dig through files or call the building supervisor anymore.
Tenants can raise maintenance issues directly in the system. And you can track progress, assign vendors, and close tickets — all within the platform.
If you own multiple units across different buildings, stop worrying. Elate real estate software consolidates financial data across properties and shows you income, expenses, and ROI in one sleek dashboard.
Now you can draft, manage, and renew contracts digitally. Forget about piles of paper and human error. Get a clean, audit-friendly documentation.
It’s not trying to adapt — it already fits.
Dubai is a developer’s paradise — yes. But paradise comes with pressure. The competition is fierce. The tenants are global. The pace is relentless.
To stay ahead, you need control and clarity. That’s why something like Elate tenant management software is perfect for you.
This isn’t just software. It’s backed by a team that understands what developers, landlords, and real estate managers actually need.
This means your silent partner is in the background, keeping everything running like clockwork.
Because in a city that never stops building, the smartest developers are the ones who also know how to manage.
Not too long ago, real estate investment used to be an exhausting game of chasing “hot markets,” gambling on up-and-coming neighborhoods, and watching interest rates with hawk-like precision.
But over the past decade, a quiet revolution has taken place—investors are growing tired of volatility. Instead of hopping across markets like day traders, they're seeking one thing above all: stability.
In an increasingly unpredictable global economy, UAE real estate has quietly established itself as a genuine haven for global investors, especially those with an eye on long-term value, lifestyle integration, and regulatory confidence.
But why? What exactly makes the UAE so compelling in the eyes of discerning property investors?
Let’s take a look. Concurrently we’ll learn about the best real estate software to get the perfect solution in UAE.
Yes, I admit, the global real estate market can really be brutal sometimes. One year, it’s booming; and the next, it’s bleeding. But the UAE, particularly Dubai and Abu Dhabi, has rewritten this script in recent years. After the 2008 financial crisis jolted the world, regulatory bodies in the UAE responded with something rare: measured reforms and pragmatic policies.
For example, the introduction of mortgage caps, escrow regulations, and the Real Estate Regulatory Agency (RERA) all contributed to a more transparent and secure market. Developers now have to meet lots of strict requirements before launching projects, and investors enjoy access to clearer information than ever before.
One major old-school aspect that still sticks around in the age of Zoom, is Geography. The UAE sits at the crossroads of Asia, Europe, and Africa, making it an unmatched hub for business, trade, and lifestyle.
You can have a brunch meeting in Dubai and a late dinner in London but still make it back before the next workday starts. Emirates, Etihad, and a host of global carriers connect the UAE to over 150 cities around the world. This accessibility isn’t just convenient—it increases the liquidity of property investments. Buyers from any continent can access, purchase, and manage their properties with ease.
And with high-net-worth individuals from Europe, India, China, Russia, and Africa increasingly diversifying into UAE property, the buyer pool is as global as the skyline.
Apart from the above, one of the most overlooked yet impactful reasons for investing in UAE real estate is the tax structure.
In a world where property investors are often burdened by layers of taxes and levies, this alone is a game-changer. You invest, earn, and keep earning—no hidden claws.
Then there are investor-friendly laws. Foreigners from any country, can now own 100% of property in designated freehold areas, a major shift from the past. In Dubai, for instance, neighborhoods like Dubai Marina, Downtown Dubai, and Palm Jumeirah are open to foreign ownership—and demand is through the roof.
For global investors, this means not just short-term gains, but a clear path to long-term asset appreciation without the legal friction seen in many other nations.
Check other facts.
Investment in Luxury Villas in Dubai: Is It Still Worth It?
When the world came to a standstill in 2020 due to Covid 19, few believed that the UAE would bounce back. But the country did not only manage the pandemic situation efficiently, it also leveraged Expo 2020 as a post-pandemic springboard.
The six-month world fair not only boosted tourism and hospitality—it kickstarted a new wave of infrastructure, innovation, and investor confidence.
For global investors, returns aren’t always measured in percentages—they’re often tied to lifestyle perks and freedom of movement.
The UAE government understood this perfectly and started the Golden Visa program. Investors, who are purchasing properties worth AED 2 million or more are eligible for a 10-year renewable residency visa, which can also be extended to spouses and children. This means you’re not just investing in brick-and-mortar—you’re buying a life in one of the world’s safest, most dynamic countries.
Whether it’s walking through Dubai’s streets at midnight or sending your children to top-ranked international schools, safety is rarely a concern here. This sense of security, combined with an enviable lifestyle—global art exhibitions, luxury malls, and beach resorts—makes UAE real estate more than a financial asset
Compared to other global property hubs, Dubai and Abu Dhabi offer significantly higher rental yields—often between 5% and 8%. In some well-managed communities and commercial zones, the returns even climb higher.
And this is where professional property management tools make all the difference.
Check other facts
UAE Property Taxes: A Guide for Expats and Investors
Staying organized and compliant while managing multiple properties is a big challenge for investors.
This is why we built Elate real estate software.
At Peniel Technology, we’ve been listening to property managers, brokers, landlords, and developers for over a decade. And we realized they all needed one thing: a smart, intuitive platform that brings everything under one roof.
Elate transforms complexity into clarity—freeing up your time and boosting returns.
Always remember, the world is volatile. Sometimes currencies may fluctuate or Stock markets may tumble. But land, when managed wisely, remains one of the most tangible, secure investments a person can make.
And in the UAE, real estate offers a rare cocktail:
So no matter if you're a first-time investor or an entrepreneur looking to diversify, the UAE isn’t just calling—it’s ready.
And with Elate Real Estate tenant management software by your side, your property portfolio will be not only protected—but primed for growth.
Tracking employee attendance isn’t exactly the best part of running a business.
It’s not something you brag about in investor meetings or put on your homepage. But here’s the thing: when done right, it can quietly save your company time, money, and a lot of headaches. Otherwise, you end up with time theft, payroll errors, frustrated HR teams, and sometimes… a punch-in system that feels like it belongs in a 90s movie.
If you’re here, you’re probably weighing your options between two popular choices: RFID attendance machines and biometric attendance machines. On paper, they both do the same thing—record when someone walks in and out. But beneath the surface, they’re very different beasts.
By the end of this guide, you’ll know exactly which system fits your team, your culture, and your bottom line.
First, What Are We Even Talking About?
Let’s break down the tech—minus the tech talk.
RFID Attendance Machines
Think of RFID as your office access card. It’s basically a digital ID stored in a little chip inside a plastic card or tag. Employees tap or wave it at a reader, and boom—they’re clocked in. It’s quick and contactless.
Biometric Attendance Machines
These systems don’t care about cards or badges. They recognize people by who they are—usually via fingerprints, thumbprints, or facial features. If your face or finger matches what’s in the system, you’re in. That’s it.
At Penieltech, we deal with all kinds of biometric attendance machines—from basic fingerprint attendance machines to sophisticated face recognition terminals. And we’ve seen firsthand how each option works in different real-life environments.
Let’s get one thing clear: biometric systems aren’t the future—they’re the present.
More and more businesses are ditching cards and fobs in favor of something more reliable and tamper-proof.
Well, undoubtedly an attendance machine is the real game changer, but what about RFID?
Is RFID Still Relevant?
RFID still has its place. In fact, for some businesses, it might even be the better choice.
Contactless Convenience
Especially in environments where hygiene is a concern, RFID cards allow for quick, clean check-ins without touching anything.
Fast for High Traffic
Need to get 200 people clocked in within 10 minutes? RFID can keep that line moving. No scanning errors, no finger mismatches—just beep, beep, go.
Let’s look at what really matters when making this decision between a fingerprint attendance machine and RFID.
| Feature | Biometric Attendance Machines | RFID Attendance Machines |
| Security | Extremely high (no buddy punching) | Medium (cards can be shared) |
| Hygiene | Touch-free (with face scanners) | Fully contactless |
| Accuracy | Unmatched | Can be manipulated |
| Ease of Use | No card to carry | Tap-and-go |
| Integration | Fully compatible with time software | Also integratable |
Because here’s the truth—what works for a call center probably won’t work for a hospital. So let’s get specific.
Corporate Offices / Startups
A Biometric machine is best here. You need accountability and easy reporting for payroll and HR. Plus, a sleek fingerprint or face scanner at the door just feels modern.
Factories / Warehouses
Still biometric, especially when it comes to clocking in for shifts. Workers in industrial environments can’t be swapping cards. You need accurate logs.
Clinics / Healthcare
A mixed bag for these places. For areas where hygiene is key, RFID works well. But in admin or back offices, biometric gives you tighter control.
Schools / Universities
Again, both will work. RFID might be better for students—fast and scalable. However, the thumbprint attendance machine for staff ensures reliability.
Retail / Restaurants
If you're dealing with high employee turnover or shift rotation, biometrics keeps everything accountable and honest.
Always Remember:
The best time and attendance machine isn’t just about hardware—it’s about how well it fits your business culture, your team, and your daily rhythm.
Let’s be real—buying a biometric machine off the shelf isn’t going to solve your attendance problems. What you need is a solution that fits into your day-to-day operations without causing friction.
That’s exactly what we do at Peniel Tech.
And our own Elate attendance punching machine ties it all together—giving you visibility, control, and peace of mind.
So, no more manual attendance sheets and guesswork. Just get a clean, digital system that works.
Reach out to Penieltech. We’ll walk you through your options, show you how our finger attendance machine works, and even set up a demo—without any pressure.
Running a successful business while holding the top position in the KSA is a thrilling mix of ambition and hustle. With the country's Vision 2030 (announced on 25 April 2016), startups are sprouting across every sector—Whether it’s e-commerce and logistics or fintech and food services.
But here's the deal. Launching a business is one thing; managing its finances well is another. And if you're a founder trying to juggle cash flow, taxes, and inventory on top of everything else, it’s easy to get overwhelmed.
That’s where a solid accounting solution can make a world of difference. Today we’ll know why Tally Accounting Software is becoming the go-to financial sidekick for startups across KSA. If you're a startup founder, this might be the software you didn’t know you needed.
Startups in Saudi Arabia deal with unique pressures. Apart from scaling fast, you’re also navigating tax regulations (like VAT), local labor laws, supply chains, and investor expectations.
The key solution is a system that’s reliable, doesn’t require a finance degree to use, and scales with you. That’s exactly what Tally Solutions offers with Tally Prime.
Tally is more than just bookkeeping. Developed by Tally Solutions, it's an all-in-one accounting and business management tool that helps you keep track of your cash, pay your taxes on time, and manage daily operations. With Tally Prime, the software’s newest version, the focus is clearly on ease of use, compliance, and business insights—without the clunky experience that other enterprise tools sometimes bring.
Here’s why it’s gaining traction among Saudi startups.
1. VAT Compliance, Without the Headache
VAT is real, and it’s not going away. Since Saudi Arabia implemented VAT, compliance has become non-negotiable for every business.
Tally Prime makes this easier than you think:
For startups that can’t afford accounting errors, this is a huge win.
2. It’s Actually Easy to Use
You don’t need a finance degree to use your own accounting software. Tally’s interface is designed to be simple, fast, and logical. Whether you’re doing this solo or have a small team, getting started won’t take days of training. Even better, there are built-in help guides and tons of online resources tailored for beginners.
3. One Tool to Manage All Your Money Moves
Tally Prime isn’t just about tax. It’s a complete solution that helps you:
It’s like having a virtual CFO at your side, minus the salary.
4. Scales With You
One of the worst things a startup can do is buy software that’s obsolete six months later. Tally Software KSA is built for growth. Whether you’re a two-person team now or planning multiple branches across Riyadh, Jeddah, and Dammam next year, Tally grows with you—so, no expensive system migration is needed.
5. Access Your Numbers from Anywhere
A good accounting software should be flexible just like your startup. Tally offers exactly what you want. It provides remote access through cloud partners, so you can pull up your numbers while working from your home or attending a pitch in another city. You’re not chained to your desk.
6. Security that Matches Enterprise Standards
Doesn’t matter if you're running a startup or a renowned business, your financial data is always sensitive. Tally Prime includes user-level permissions, audit logs, and secure backup options. Now you decide who can see what.
7. Made for KSA’s Multicultural Business Environment
Saudi Arabia is a melting pot of different cultures and unique business partnerships. Tally Prime supports both Arabic and English interfaces to maintain the heritage. Simultaneously it handles multi-currency transactions with ease.
8. It’s Affordable
The problem with most of the powerful accounting software is they come with eye-watering price tags. Well, not TallyPrime. It delivers enterprise-grade features at a price startups can actually afford. You can easily choose from flexible plans that suit your current size—and upgrade only when you need to.
9. Real Customer Support
Tally Software offers strong local support. That means you can get help from someone who actually understands your challenges, in your language, and in your time zone.
10. Plug and Play with Other Tools
Tally Prime offers API integrations so you can connect it with your online store, CRM, or HR platform. If you’re running a lean startup, having all your tools talk to each other saves time and keeps everything organized.
Let’s see how Tally Prime stacks up against other options:
| Feature | Tally Prime | Other Software |
| VAT compliance (ZATCA-ready) | Yes | Sometimes |
| Easy for beginners | Yes | Complex setup |
| Arabic & English support | Yes | Not always available |
| Affordable pricing | Yes | Higher costs |
| Customizable & scalable | Yes | Rigid workflows |
Basically, your startup’s success isn’t just about great ideas. It’s also about execution, and that starts with getting your financial house in order. TallyPrime gives you exactly the same—control, clarity, and confidence to make smart decisions.
If you’re a startup founder in KSA, don’t wait until your finances are in chaos. Get ahead with Tally. It’s simple, reliable, and built with businesses like yours in mind.
If you’ve ever worked in accounting or run any business in Saudi Arabia—or anywhere in the Gulf—you’ve probably heard of Tally Software. Maybe you’ve even used it. It’s reliable, simple, and gets the job done without the unnecessary fluff.
Now let’s answer the big question that raises a practical concern among SMEs and larger firms operating in both English and Arabic-speaking environments: Is Arabic supported natively within Tally?
If you're expecting all your Tally menus, reports, and interface options to show up in Arabic straight out of the box — you won’t be even a bit disappointed. Tally’s native interface is neither entirely in English nor in Arabic. It’s a multilingual software that supports Arabic.
But as with most things in tech, there's a bit more to the story. Let’s talk about what that really means for your day-to-day work, your team, and your business in the Kingdom.
Let’s take a moment here — this isn't just about language preferences. In Saudi Arabia, Arabic isn’t optional. It’s essential.
So it’s not just about comfort. It’s about compliance, clarity, and respecting your market.
It’s crucial to be clear on what we’re talking about. The company behind Tally Softwares is Tally Solutions Private Limited. Now it has a newer, more modern version: Tally Prime. Undoubtedly it’s trusted worldwide for handling accounting, inventory, compliance, payroll—you name it. In Saudi Arabia, Tally software has become quite popular among businesses that want an affordable, scalable accounting system to keep up with VAT rules and compliance mandates from authorities like ZATCA.
Also, it’s designed to adapt multiple languages for native support, and yes, that includes Arabic.
And the best part? It’s not a workaround. The dictionary is already shared by Tally. No third-party plugins are needed, which means you don’t have to download the dictionary from elsewhere.
If you’ve used older versions of Tally in the past and struggled with language limitations, we get it. But with Tally Prime, switching to Arabic is actually super simple.
Here’s how it works:
Pro Tips:
Want to change the display language (the language of menus, buttons, etc.)?
Don’t forget: Ensure your computer has the Arabic keyboard layout installed, so you can type smoothly without any glitches.
You don’t need to be an IT expert or a programmer to start using Tally Accounting Software in Arabic. The interface is clean, minimal, and easy to get used to.
Here’s what most users in KSA like:
Switching between languages is easy – You can work in English, switch to Arabic, or even allow users to pick their own language preferences. This flexibility is a lifesaver in bilingual environments — and let’s face it, most businesses in KSA are bilingual.
Zero learning curve – If your team already uses Excel or basic accounting software, Tally feels intuitive.
Support in Arabic – Many Tally Solutions Partners provide customer support in Arabic too. So, you’re never stuck.
So, if you’re a business owner, accountant, or decision-maker in Saudi Arabia wondering if Tally is right for your Arabic-speaking team, the answer is a confident yes.
If you are looking for an authorized partner for Tally Software KSA who can help you with VAT configuration, local setup, and ensure all those Arabic templates are ready to go, don’t hesitate to reach out to Penieltech.
If you’re running a business in Saudi Arabia in 2025, you must have heard about e-invoicing—especially since the Zakat, Tax, and Customs Authority (ZATCA) rolled it out. The idea was initiated back in 2020 when they first introduced the draft. Now, it’s become a must for businesses to follow these new digital invoicing rules.
ZATCA declared previously, from January 1, 2023, businesses must fully connect their invoicing systems with their platform. This change is happening in phases based on how big your business turnover is. And recently, they just announced “Wave 22” for Phase 2. If your business’s turnover is more than SAR 1 million, you must be fully integrated with the Fatoora Portal by the end of 2025.
Let’s walk through everything you need to know about ZATCA E Invoicing in Saudi Arabia — from who needs it, the phases, important rules, penalties, and more.
E-invoicing is the digital version of those paper invoices we used to send and get. The difference is e-invoices are created and exchanged digitally, instead of printing out or scanning paper invoices, which makes everything faster and more accurate.
An e-invoice isn’t just a scanned copy of those paper invoices. It’s generated by your invoicing system in a special, machine-readable format (like XML) and also comes with a PDF version.
Structured Format: E-invoices are formatted so anyone can read them easily, which automates a lot of tasks.
Integration with ZATCA: Your invoices need to be created or validated through ZATCA’s system (called FATOORAH) or software that meets their standards.
Reporting: These invoices have to be reported on time.
Direct Transmission: If connected, invoices go straight from your system to the buyer’s.
Special Fields: They include unique details like an Invoice Reference Number (IRN) and a QR code, on top of the usual VAT info.
If you’re a taxable person registered for VAT in Saudi Arabia—or if you’re required to register—this applies to you. That means businesses inside Saudi Arabia, whether they trade locally or internationally.
Also, if you’re a customer or third party issuing invoices on behalf of someone else, you’ve got to follow these rules too.
All VAT-registered businesses compulsorily issue e-invoices for all transactions that need tax invoices. This includes electronic credit and debit notes for goods and services taxed at standard or zero rates.
One important exception: if you’re a non-resident business (outside Saudi Arabia) supplying goods or services taxable in Saudi Arabia, you don’t have to issue e-invoices.
You need to keep in mind the following to stay compliant:
You’ll use special features like UUIDs, digital signatures, sequential invoice numbers, cryptographic stamps, and anti-tampering measures.
ZATCA recognizes mainly two types of e-invoices:
Standard Tax Invoice: This is mostly for B2B and B2G transactions. These include all the detailed info about buyers and sellers, especially their VAT registration numbers. Buyers use these to claim input VAT. These invoices need real-time cryptographic stamping and validation by ZATCA.
Simplified Tax Invoice: Usually issued from business to consumer (B2C). These invoices have fewer details, and buyers can’t claim VAT input. In Phase 1, these were just shared with customers, but in Phase 2, they must also be reported to ZATCA within 24 hours.
Saudi Arabia is rolling out ZATCA E Invoicing in two big phases:
Phase 1 (Generation): Started December 2021. Businesses had to start creating e-invoices in the correct format, but there was no need to connect directly to ZATCA yet.
Phase 2 (Integration): Began January 2023. This is when businesses must link their systems directly with ZATCA’s FATOORAH platform. You’ll need to connect via APIs, generate UUIDs, add digital signatures, and more. Your invoices have to get ZATCA’s “clear” approval before you send them to your customers.
This phase is rolling out in waves, starting with the biggest businesses (over SAR 3 billion turnover) and moving down.
ZATCA (formerly GAZT) is the authority managing this entire e-invoicing system. They started with draft regulations back in March 2021 and finalized everything by May 28, 2021.
It varies a bit depending on what kind of invoice you’re issuing and which phase you’re in. But the key is: by now, most businesses should be generating invoices digitally and sending them to ZATCA for validation. The system makes sure invoices are correct, untampered, and reported on time.
ZATCA is pretty serious about this. They start with warnings, but repeat offenses lead to fines. Here’s a quick breakdown:
Saudi Arabia isn’t just doing this because it’s trendy — ZATCA E Invoicing brings some real perks:
Transparency: It makes all business transactions clear and helps ensure tax compliance.
Accuracy: Ensures less human error and smoother transactions.
Efficiency: Faster communication and payments, plus lower administrative costs.
Environmentally Friendly: Cuts down on unnecessary paper waste.
Fraud Prevention: Authorities can spot fraud quicker with real-time tracking.
If this all sounds a bit overwhelming, Peniel Technology offers multiple services and Federal Tax Authority (FTA) approved accounting software like Tally, QuickBooks, Sage Accounting Software, and Elate ERP to link with ZATCA’s platform. Our solution checks your data for errors, and assistance with VAT registration, return filing, and audit preparation to ensure compliance with Saudi Arabia’s regulations. This way, you can be sure you’re fully compliant without extra hassle.
Running a business is already tough enough. But juggling payments, managing accounts, chasing invoices, and reconciling banks manually, can really drive anyone crazy.
That’s why we are talking about the new hero, TallyPrime 6.0. Think of it as your all-in-one toolkit. Designed to simplify payments, automate accounting, and just... make everything work better.
If you're a business in the UAE and still struggling with spreadsheets or switching between ten different systems, it's time you gave Tally Prime UAE a serious look.
What It Offers (And Why It Actually Matters)
This isn’t just a fancy upgrade with a new version number. TallyPrime 6.0 is packed with features that genuinely make day-to-day accounting easier.
Accounting That Just Makes Sense
You don’t need to be a CA to understand your books. Tally keeps things simple. Track income, expenses, liabilities, and profits in one clean dashboard. No extra clicks. No digging through menus.
Cash & Credit Management
With Tally Prime, you’ll never lose track of your credit managements. Especially who owes you, who you owe, and when. Because of supplier credit terms or customer payment cycles, everything’s organized and updated in real-time.
Basically, it puts control back in your hands.
The Benefits You Actually Feel
Let’s be real. Features are great. But how does it really help you? Here’s what business owners love about TallyPrime 6.0:
Frankly, once you’ve tried it, you definitely won’t want to go back.
Pricing (No Surprises Here)
TallyPrime provides two editions:
1. Silver Edition (Single User) - Great for solo entrepreneurs or small businesses using just one machine.
2. Gold Edition (Multi User) - Perfect if your team needs access across multiple PCs.
You buy it once, it’s yours. Simple.
Renewal Plans (Stay Updated & Supported)
Tally renewal isn’t just for support. It keeps your software sharp, updated, and compliant.
1. Silver Edition
2. Gold Edition
It’s not just about staying legal. It’s about staying efficient.
Why Businesses in the UAE Are Switching to TallyPrime
Whether you’re in Dubai, or Abu Dhabi, maybe Sharjah. No big deal. Tally UAE is all yours to use.
It’s fully equipped for UAE VAT laws, it supports Arabic-friendly invoice formats, and it handles local currency with ease. It’s got the muscle of a big ERP system but stays lean and quick.
Add to that local support, training, and implementation help from certified Tally partners, and you’re set up for success.
Final Thoughts
To be honest, business is messy. You’ve got vendors calling, customers delaying payments, banks demanding reconciliation, and taxes always around the corner.
The software doesn’t magically make those problems go away. What it does is, gives you the tools to handle them without losing sleep.
So if you’re tired of using five tools to do one job, then it’s time to try something smarter.
In the food industry, timing isn’t just important — it’s everything. One late delivery, one inventory miscalculation, or one batch of spoiled goods can ripple through your entire business. That’s why getting your backend right isn’t optional anymore. It’s survival. And here comes the savior — ERP software tailored for the food industry. But not just any ERP — one that actually gets what it’s like to run food distribution operations day in and day out.
You’ve got moving parts — warehouses, cold storage, inventory tracking, supplier coordination, dispatch logistics, and oh, yes — compliance with ever-changing food safety regulations. You don’t need a bloated system with modules that don’t speak to each other. What you need is the right food distribution ERP software that fits your business, not the other way around.
Perhaps most of you are familiar with the term ERP — Enterprise Resource Planning system. Undoubtedly there are ERP systems out there claiming to serve every industry — from manufacturing to retail to healthcare. And sure, many of them can be customized to handle food operations. But the real question is: why start from scratch?
ERP for food industry isn’t just a buzzword. It means built-in tools specifically designed to handle:
Which means, no endless custom modules. Just practical workflows that make sense for how food businesses actually function.
If you’re evaluating ERP options without a clear checklist, you’re going to end up overwhelmed. The market is saturated. Every vendor promises the moon. But let’s keep it simple.
Start by asking: does this ERP know how food distribution works? If it checks these boxes, you’re on the right track:
Here’s where most businesses get tripped up. They try to adopt a generic ERP, thinking they’ll save money. Yeah, sometimes it works but they often end up with a patchwork of clunky integrations, third-party plugins, and a support team that doesn’t understand the urgency of a late shipment.
The best food service distribution software should feel like it was built with your team in mind. That means:
If your ERP system is constantly getting in the way instead of keeping things moving, it’s not the right one.
Not every food business has the same needs — or the same IT capacity. That’s why the deployment model matters.
The key is: pick based on your operational needs, not what’s trending.
The best software doesn’t just offer features — it fits your team like a glove. It works how your business works and grows with you.
Remember, at the end of the day, you’re not just buying software — you’re choosing a system that will carry your business forward for years.
That’s exactly where Elate ERP with its food industry module comes in.
Elate ERP comes with a dedicated Food Industry Module, designed specifically for the dynamic, detail-heavy world of food distribution.
It covers everything — from vendor management to delivery tracking, from cold storage monitoring to batch-wise expiry alerts. Besides, it's super easy to use.
Whether you’re distributing fresh produce, packaged goods, frozen items, or gourmet products — Elate helps you manage operations with clarity.
You’ll get:
And yes, it plays well with any other system, our team ensures smooth integration with zero hassle.
We’re not just another ERP vendor. We’re hands-on.
As authorized resellers and implementation experts, we work closely with food businesses across the UAE and beyond — helping them choose, customize, and roll out the right solution. From setup to staff training, we’re right there with you.
There’s a lot of flash in the ERP world. Demos are slick, presentations are polished, and everyone’s got testimonials. But none of that means anything if the system doesn’t deliver the needful.
If you’re in the UAE and looking for the best ERP solutions for food service, we’re here to help. From consultation to deployment — we’ve done it all. Our team at Penieltech works with you, not just for you.
Because smarter food flow isn’t about having more tools. It’s about having the right ones.
Handle Your HR Chaos the Smartest Way With the Integration of Time Attendance Machines, HR and Payroll Software
If you’ve ever had to run payroll with missing attendance data, you know the stress. The back-and-forth emails. The late-night WhatsApp messages to supervisors. The spreadsheets that almost make sense — until they don’t.
It’s exhausting. And completely avoidable. The problem isn’t your team. It’s the disconnect between your systems.
Time attendance machine integration with your HR and payroll software can fix that — and not in a gimmicky, too-good-to-be-true way. This is real, functional, day-to-day automation that works quietly in the background… and just makes your life a whole lot easier.
And if you’re in the UAE, you’re in luck — we’re official resellers of biometric time attendance machines, and our team does full, smooth integrations with our own Elate HRMS, plus systems like Odoo, ERPNext, Sage, and more.
Let’s break this down the way real business owners and HR heads actually need to hear it.
Let’s say your employee walks in. They tap their finger on the biometric device. Boom — that timestamp is captured.
But instead of that data sitting in a standalone machine or needing to be pulled out manually, it instantly syncs into your HR software, and from there, connects with payroll.
Leave policies, holidays, late marks, overtime — everything lines up. Automatically.
That’s what we mean when we say biometric attendance system payroll integration. It’s not some futuristic dream. It’s practical automation, right now, for businesses like yours.
Let’s paint the picture.
Before integration:
After integration:
We’ve done this HR and payroll software integration for lots of businesses — you name it. The result is always the same: fewer errors, less stress, more free time.
We’re not just a vendor tossing software your way. We actually build solutions around the real problems businesses in the UAE face.
Our Elate HRMS Software is modern, clean, and shockingly easy to use. When paired with our Elate Attendance tracking software and your biometric device, it forms a smooth, single ecosystem where:
And if you’re already using Odoo, ERPNext, or Sage? No worries — we integrate with those too. You won’t have to ditch your current setup. We’ll work with what you’ve got.
Different teams work differently. Some love on-premise systems because they want total control. Others prefer the flexibility of the cloud — especially if they have multiple branches or hybrid teams.
Then there are those who just want to quickly check attendance or approve leaves from their phone on the go.
Good news: Elate supports all three.
So whether you're a startup figuring things out or a growing company tired of patching things together, we’ve got options that fit.
But What’s the Actual Benefit?
Let’s keep it brutally honest.
Integrating time attendance with your HRMS and Payroll Software isn’t just a “nice to have.” It’s a total game changer.
You get:
And honestly? You just sleep better knowing salaries will go out on time without a mad rush.
Unlike plug-and-play tools that leave you hanging when something breaks, we’re here. Our team is on the ground in the UAE — supporting companies every day.
As official dealers of Time Attendance Machines, and HRMS software built for local businesses, we understand the ecosystem inside out. Our integrations are custom-fitted, not just dumped into your system.
Need something unique? Want to sync attendance with a shift-based roster? Need payroll to follow WPS rules? We get it. We’ve done it. And we’ll do it for you too.
You’re already investing in people. Let’s make managing them easier. With our Time Attendance Machines, Elate Time Attendance Software, and smart HRMS integrations, at Peniel Technology, you get more than a product — you get an Automated attendance and payroll system that works.
Let’s fix the gap. Let’s stop the manual workarounds. And let’s finally make your HR system feel like it was designed for humans. Reach out. Let’s talk. We’re ready when you are.
The rapidly evolving consumer goods industry in the UAE is very dynamic. Changing consumer preferences, rapid inventory turnover, and high-volume operations require FMCG businesses to stay above any operational inefficiencies. In such a fast-moving environment, implementing a specialized Enterprise Resource Planning (ERP) system has never been a choice that an enterprise could make; it has rather turned out to be a must-have.
The UAE is a strategic hub for trade and distribution across the Middle East and North Africa region. With Dubai and Abu Dhabi as regional distribution centers, FMCG companies find themselves in a very competitive environment that demands punctuality and speed.
Demand for food and beverage, personal care products is always directly dependent on quality, variety, and availability. Brands like Al Ain, Almarai, and Choithrams have huge inventories and distribute to a number of retail channels. This level of scale and complexity demands operational visibility and control to a very high degree, which only the best ERP software in Dubai and beyond can provide.
 Image Source: market.usStandard ERP systems usually do not have the functionalities that FMCG companies are looking for. These companies are into perishable goods, promotional pricing strategies, batch tracking, and a large vendor network. Generic ERP software often miss to address these intricacies.
Furthermore, the FMCG businesses in the UAE shall comply with local legislations such as VAT and conduct business across multiple emirates. Hence, a specialized ERP solution shall integrate these complexities into one system.
FMCG products move fast. Thousands of SKUs should be tracked in real time by businesses. A specialized ERP solution updates stocks automatically, thus eliminating stock-outs and overstock, thereby making sure warehouses are well utilized.
For instance, an FMCG distributor operating in Sharjah integrated ERP software, which helped to reduce inventory write-offs by 30% within 6 months, simply through gaining real-time stock visibility coupled with automated reorder alerts.
Batch-wise tracking is critical for FMCG products, especially for food and pharmaceutical products. ERP for the FMCG industry automatically tracks expiry dates, returns processing, and recall management to ensure compliance and safety of the consumers.
Seasonal trends, promotions, and market forces make demand forecasting challenging. ERP software, coupled with AI and analytics tools, predicts demand patterns and thereafter automates procurement processes. A prominent beverage company in Dubai used ERP analytics to forecast the surge in demand during Ramadan. The benefits: a 25% faster procurement cycle and zero stockouts during the holy month.
FMCG businesses often operate simultaneously in several emirates and also export to neighboring GCC countries. ERP systems for FMCG business software support multi-location warehousing, pricing in multiple currencies, and language localization-critical requisites for UAE-based operations.
Sales tax applies to all businesses in the UAE, but its implications and requirements are different. ERP solutions for the FMCG industry offer VAT modules within to provide automation for tax calculations, return filings, and audit trails, thus saving time and reducing errors.
FMCG ERP software should have rich functionality developed to facilitate the entire sales workflow-from order to delivery. Route planning, vehicle tracking, and delivery scheduling are optimized to effectively reduce last-mile time. For example, an FMCG wholesaler in Abu Dhabi implemented its ERP solution with GPS-enabled distribution management and reduced delivery delays by about 40%.
The ERP system for an FMCG company must be integrated with accounting software, HRMS, and CRM systems. This sort of ecosystem enhances decision-making and eliminates redundant work. Payroll, commission calculations, employee performance tracking, and financial reporting must happen in one place.
While in the UAE cloud ERP solutions are more in demand, they are inherently scalable, offer remote access, and lower infrastructure maintenance expense. Whenever FMCG companies sell goods, they want access to stock and sales data in real time from multiple warehouses and outlets. In the case of businesses with higher customization urgency or certain data security requirements, however, an on-premise ERP solution could be considered. The whole trick, however, is to find a vendor that truly understands the very peculiar requirements of the FMCG sector.
FMCG companies should request their ERP partner to truly know the regional dynamics. Penieltech, for instance, provides specialized ERP solutions throughout Abu Dhabi, Dubai, and the Middle East. Their solutions include accounting software, HRMS, and tailor-made ERP solutions that are developed to practically solve the problems experienced by FMCG companies.
An ERP Partner with sound experience and know-how would go a long way in making sure that the ERP installation is done properly, staff are trained, and support is provided on an ongoing basis. Demonstrable use cases and proven deployments are of utmost importance.
The finest ERP software Dubai and the Middle East can provide should include the following features:
Penieltech provides a range of ERP solutions that include Odoo, Elate, ERPNext, and Sage specifically for FMCG businesses in Dubai, Abu Dhabi, and throughout the Middle East. It successfully merges accounting software, CRM, HRMS, and finance software modules aboard one single, easy-to-use platform.
The FMCG businesses in the UAE operate in a fast-paced, high-volume market that requires specialized ERP solutions. Penieltech provides industry-specific systems to streamline operations, ensure compliance, and support business growth. Penieltech keeps FMCG businesses agile and competitive through unmatched regional expertise and a formidable suite of ERP offerings, including its proprietary Elate software. Cost is not the key factor; it is about fit, functionality, and impact that can be measured.
The GCC economies, including Oman, Saudi Arabia, member states, and the United Arab Emirates (UAE), are still dominated by the oil and gas industry. They possess some of the world's largest hydrocarbon reserves, and so the industry is invested in its economic and geopolitical standing. However, with rising volatility in prices, regulation, and rising global focus on sustainability, the industry is confronting rising operations and strategy challenges. To counter such, GCC oil and gas companies are adopting Enterprise Resource Planning (ERP) solutions increasingly, designed based on regional and industry-specific needs. With a GCC ERP marketplace for 2023 standing at US$2.11 billion, set to expand by 2035 to US$5.6 billion, digitalized enterprise infrastructure is a top priority for the region.
The GCC's hydrocarbon value chain ranges from upstream discovery, through midstream transportation, and on toward downstream refining and distribution. All of them require utmost-specialized precision, performance, and coordination. ERP software platforms are integrated environments for streamlining disparate operations, optimizing control over operations, and enhancing data clarity. They enable energy organizations to harmonize field operations, manage fixed assets and equipment, monitor performance metrics and compliance metrics, and track performance metrics among disparate business units.
Just as crucial is the ability of the system to adapt to GCC-specific taxation and regulation processes. The rollout of Value Added Tax (VAT) in many GCC member states has made fiscal reporting all the more demanding. Tax regulations and reporting procedures incorporated into tailored ERP solutions guarantee accurate reporting, allow for lower non-compliance risks, and reduce administrative hassles. With digital waves sweeping visions such as Saudi Vision 2030 and UAE’s Digital Government Strategy, integrated ERP with SCADA (Supervisory Control and Data Acquisition), GIS, and IoT platforms is becoming a necessity. Of a particularly high importance, digital transformation expenditure within the GCC is expected to increase up to US$50 billion by 2025, further underscoring the demand for robust industry-specific ERP ecosystems tailored for evolving industry needs.
To effectively navigate the complexities of the GCC’s oil and gas sector, ERP solutions must be equipped with features that support real-time decision-making, ensure regulatory compliance, and scale effortlessly with business demands. Some of the most critical elements include:
ERP Systems should be built to comply with different regulatory regimes which are ever-changing in nature. These are VAT laws, corporation tax regulations pertaining to environment outside a given area of industry. Built-in regulatory modules allow for tax calculation, reporting that can stand an audit, and quick reactions to policy changes that arise with time.
Localization is one of the important aspects of operational success for an ERP. This means support of the Arabic language, compatibility with Islamic financial customs, and regionally tailored adjustments to manage local business regulations. All of these enhance end-user adoption, reduce implementation resistance, and deliver cultural alignment.
ERP solutions must be scalable depending on oil price cyclicality and capital-expansion cycles. When expanding into a new geographical territory, acquiring a new subsidiary, or adding capacity, a modular ERP architecture will permit smooth operations and performance during turnaround.
Typically, oil and gas companies handle field operations, equipment monitoring, and safety using legacy systems. A modern-day ERP must integrate with disparate systems such as SCADA, GIS, IoT sensors, and condition monitoring software and create a homogeneous operations foundation.
Having timely data is essential for making informed decisions. Today's advanced, sophisticated ERP solutions include centralized dashboards, predictive analytics, and KPIs for immediate, usable insight, enabling everything from purchasing decisions right up through production optimization.
An ERP solution have to cover a wide number of bases in the operational, fiscal, and strategic realms for it to be touted as the best ERP software (in regions including Dubai, UAE, Abu Dhabi and all over the Middle East):
Operational Streamlining
Fully functional ERP systems meticulously automate day-to-day processes, minimize redundancy, and ensure that the processes are standardized. In contrast, reducing various administrative overheads increases various data qualities and opens the door to enhance management activities, such as process optimization and innovation.
Financial Discipline and Transparency
Finance is integrated with procurement, inventory, or manufacturing modules in various ERP packages, given that spending and revenue are two key aspects of finance. Therefore, these integrations give real-time insight on spending and revenue, allowing interesting controls on budgets, cash forecasts, and internal controls.
Proactive Risk Management
ERP would act as the organization's prime risk mitigating tool that helps stabilize exposure to risks arising from geopolitical risk, market fluctuation or environmental liabilities. At an operational bottleneck, and supply chain weakness in any zone of noncompliance, early actions can be undertaken against it.
Enhanced Compliance Verification
An effective ERP system helps ensure strict adherence with country and regional regulations. Automated reporting features reduce audit preparation, limit risk of penalties, and increase credibility with regulators and banks.
Cloud Deployment and Accessibility
Cloud-based ERPs are picking up momentum in the GCC, with rising needs for agility and business continuity being a primary reason for growing popularity. Remote accessibility, lower infrastructure costs, automatic upgrades, and disaster recovery capabilities are making cloud ERP an attractive option for oil and gas firms seeking future-proof platforms.
Key Players in Oil & Gas ERP solutions for GCC
There are many key players in the GCC include:
The choice of the ERP system is a strategic one that should align with corporate goals, process complexity, and budget considerations. Below are some considerations:
Conclusion
In an era of shifting marketplace dynamics and increasing oversight, ERP systems are more than a series of technical tools for maintaining an organization. They are strategic enablers for the GCC's oil and gas industry. With regional and industry-specific ERPs, companies are able to enhance governance, achieve operational excellence, and become agile within an uncertain marketplace. As digital transformation accelerates and sustainability objectives become a greater priority, ERP systems will become an even more significant driver for the competitive way forward for the GCC's energy industry.
Value-added tax (VAT) was introduced in the Kingdom of Saudi Arabia on January 1, 2018, as part of the country’s efforts. The basic rate of VAT applied on table supplies and imports in KSA was 5%.
However, in July 2020, Zakat, Tax, and Customs Authority (ZATCA) (earlier known as GAZT) issued a decree to increase the standard VAT rate by 15%, effective immediately. The increase in VAT has affected businesses and individuals and has further highlighted the importance of understanding VAT compliance.
The VAT number assigned to each business is unique and specific to that particular entity. This number helps to identify the company for tax purposes. It is important to verify a VAT number to make sure that the business is real and is paying taxes properly. When doing business with a company, it is important to always check their VAT number. This process is called VAT number identification.
VAT stands for Value Added Tax. It is a tax imposed on the supply of goods or services. The tax is levied at the value addition of each stage in the supply chain, from the production and distribution to the final sale of the product or service to the customer.
The supplier should be registered for VAT, to qualify for zero rates. Below is the list of supplies that are charged at a 0% VAT rate.
Exempt supplies are not subject to KSA VAT regulations and do not attract VAT. Businesses handling exempt supplies neither collect VAT on sales nor seek reimbursement for input VAT paid on purchases. List of exempted supplies under KSA VAT:
Zakat, Tax and Customs Authority manages VAT in the Kingdom of Saudi Arabia (KSA). The authority mandated that businesses and individuals must obtain VAT registration;
In Saudi Arabia, to verify the VAT number, visit the official tax website. https://zatca.gov.sa/en/Pages/default.aspx
The majority of accounting software is expensive and understanding its working may require a significant amount of labor.
List of goods and services on which 15% VAT is charged
All goods and services except exempt supplies and zero-rated supplies are subject to 15% VAT.
From 1 July 2020, whether the goods are imported on or after are subject to a 15% VAT rate. However, the rate was 5% before the amendment.
Goods and services when exported outside the council territory are deemed to zero-rate VAT. In regard to this, the business is allowed to recover the associated input VAT by provisions of VAT.
VAT-enabled ERP Software automates the business processes and helps companies run their business more efficiently and to gain greater insight into their business activities with lasting benefits.
Verifying a VAT number is a crucial step when doing business in Saudi Arabia. With the introduction of e-invoicing in Saudi Arabia, business can handle their invoices electronically. In short, verifying a VAT number is an important step to ensure that you are dealing with a legitimate business. Always verify a VAT number to maintain smooth and secure business operations.
Since the implementation of VAT in Saudi Arabia, the compliance burden on medium to small-sized organizations has grown exponentially. If you’re a company owner and are seeking a dependable consultant for VAT consultation Services in Saudi Arabia, contact us at [email protected] or call us at +971 4 239 8571.
The current VAT rate in Saudi Arabia is 15%.
When ZATCA introduced VAT in Saudi, the VAT rate was 5%. However, the government increased the VAT rate to 15% during the COVID pandemic.
The benefits of verifying VAT number in KSA:
To confirm the legitimacy of the seller and the VAT number on the invoices, it is crucial to check the VAT numbers.
Having a thorough knowledge between VAT input and VAT output can help you get you r VAT accounting right. A businesses requires all aspects of VAT; including output tax and input tax. VAT when registered for businesses, it adds value to the goods and services they supply. They also reclaim VAT incurred on goods and services.
The federal Tax Authority (FTA), the government entity responsible for the administration, collection and enforcement of federal taxes was established under federal Law by the President of UAE, via federal decree-law no.13 of 2016.
Here, let’s take a closer look at these concept and explain the differences between them and how it’s supporting the accounting software.
A business’ output tax is the Value Added Tax (VAT) that is charged on supplies of goods and services supporting both the businesses and consumers. There are various VAT rates that can apply to taxable supplies, and some suppliers are exempt from VAT altogether.
How to Calculate Output VAT : Example: If a business sells goods for AED 300, the Output VAT would be AED 15.00 (300 x 5%).
The purchase of goods and services that are liable in VAT are the Input TAX. When a business makes a purchase, the price quoted might be either VAT –exclusive, in which case VAT will be calculated and added separately, or VAT- inclusive, in which means the total price already includes the VAT amount.
How to Calculate Input VAT: Example: If a business purchases goods worth AED 150 with a VAT rate of 5%, the Input VAT would be AED 7.50 (150 x 5%).
VAT input and VAT output are the crucial factors in determining the VAT liability owned to the FTA or that FTA owns you. In UAE, the VAT rate is currently is 5%.
Software for accounting in UAE as an imperative solution for any business to empower financial health and maintain stability. Any small, medium or large scale company can utilize the VAT accounting software as it is simplified, systematic and user-friendly software. It can be custom made to meet the varying demands of different organizations. It helps the ERP solution to help firms to manage their transactions digitally and document it in the central sever for real-time analysis and evaluation.
The key goals for VAT accounting software are;
The Accounting Software features can be easily integrated with other operational modules and applications. Some of the software module features are:
Companies adopting accounting software typically realize many befits, such as increased operating efficiency, data accuracy and visibility into financial information. Most accounting software’s can accommodate and streamline day-to-day bookkeeping tasks.
A VAT consultant is a professional who specializes in helping businesses understand and comply with Value Added Tax regulations, and optimize their VAT entitlements. When owning small to medium business, managing your finances, and juggling multiple priorities, it can be tough to stay on top of everything. That’s’ where the VAT consultant comes in handy. Few reasons as to why you have to consider hiring a VAT consultant for you businesses:
Penieltech - the official Accounting software dealer in United Arab Emirates provides the best in class for VAT Ready ERP Solution to streamline accounting and VAT. Feel free to contact us anytime for support, guidance or assistance at +971 4 239 8571 or send us an email at [email protected].
A business must register for VAT if the Taxable supplies and imports exceed the mandatory registration. Upon registration, a tax registration number will be issues to business by the FTA.
The following documents are required while submitting as a proof of turnover for VAT registration;
Getting a VAT number in the UAE usually takes about 20 business days.
Yes, TRN and VAT is the same and is also known as Tax Registration Number and Value Added Tax. TRN Number is a 15- digit number, assigned by the FTA to the registered businesses.
The key difference between zero rate supplies and exempt supplies is that the suppliers of zero rated goods and / or services can be claimed input VAT during the purchase, and for the exempt supply we can’t claim input VAT during the purchase, nor can you issue a tax invoice for the sale of exempted goods or services.
VAT, also known as Value-Added Tax, is a consumption tax levied on the value added at each stage of a product’s production and distribution. In November 2016, the GCC (Gulf Cooperation Council) agreed on a common legal framework to introduce VAT under the GCC VAT Framework Agreement. Other Emirates, such as the United Arab Emirates and Saudi Arabia, have implemented VAT effective 1 January 2018.
Recently, Qatar became the last state to implement VAT in accordance with the GCC VAT Framework Agreement. This Framework requires all members of different states to introduce VAT and establish national legislation within the agreed parameters.
This is a treaty and not a law. Conversely, it provides a clear overview of how the VAT system will be implemented in the region. There will be two VAT rates – the standard rate of 5% and the reduced rate of 0 %). The introduction of VAT in Qatar will have a big impact on business and private individuals, both in Qatar and other countries.
For business, the introduction of VAT represents both challenges and opportunities. Maintaining VAT will most likely require you to make changes to your accounting systems/ERP solutions, finance process etc. Assign a steering committee train them in VAT to conduct an impact assessment. The impact assessment will help you identify how VAT will affect your business, Identify key risks, changes required, recruitment/training needs, and allow you to plan effectively for VAT.
Corporate – other taxes
Suppliers are responsible for collecting VAT on the goods and services they supply to their customers.
Suppliers are subject to VAT on the goods or services they purchase in order to supply to their customers.
Net of Tax is the amount obtained after the applications tax is deducted from the gross income that resulted from investments or transactions. Most commonly used for showing the results of business in terms of income, profits or lose.
Net Tax = Output VAT – Input VAT
A value added Tax is a consumption tax assessed on the value added in each production stage of a good or service.
Supplier not bearing the cost of VAT. The input VAT can only be recovered by suppliers if the goods and services they supply are taxable and have completed a tax return.
Types of supplies
Different VAT treatments are applied to different supplies. It is always good to have a clear understanding of the type of supply as input tax in connection with taxable supplies is fully recoverable. The most important document to have in hand is the accurate tax invoices during the VAT process.
VAT is likely to impact all business in Qatar, either directly or indirectly, if managed effectively it should have a neutral impact.
Determining how VAT will impact the business model and operations.
Analyzing the prices of services/products the business offers.
Investigating whether current systems can support VAT
Analyzing contractual clauses of existing contracts or new contracts.
Examining the impact on cash flow.
Businesses must employ TAX services and VAT consultants in Qatar to comprehend Qatar’s complex tax rules and regulations. A VAT consultant in Qatar assists businesses with Tax risk management, tax identification opportunities, and efficient defective tax return preparation.
Business already know how accounting on computer software can benefit them. They can maintain their books of accounts with fewer mistakes and faster calculations. There are many accounting software available for companies operating in Qatar. It takes considerable effort for the business owners to decide which one of the accounting software package suits their specific needs. There are number of different product options available for accounting software.
A good implementation project takes at least 6 months to complete. This means if VAT is to be implemented, you must start to consider the impact of VAT now. Speak to us today to discuss how we can help. Contact us at penieltech.com or ring us at +971 4 239 8571.
FAQs
VAT has not been implemented in Qatar. However. The GCC VAT framework sets out a general, high level VAT rules under which Qatar VAT system will operate once implemented.
VAT is calculated as a percentage of the sales prices of goods and services. Depending on goods and services being sold – either 5 percent (standard rate) or 0 percent (zero rate).
Any individual or legal entity who conducts economic activity to generate income must register for VAT purposes.
Chances of Qatar introducing provisions to relive the application of VAT. The exact criteria for a TOGC being treated as ‘outside the scope of VAT’ tend to differ from one VAT regime to another and so we will need to await further clarity.
Managing a business is no easy feat. Whether you are looking to simplify to boost your efficiency or improve the evolving changes, regulations etc.? In order to achieve this, Tally has introduced their latest software, TallyPrime 5.1, – This update includes new features and enhancements specifically aimed at assisting accountants and business owners in simplifying their tasks.
In this blog, we will discuss the newest key updates to TallyPrime 5.1 and compare it to 5.0.
It is an adaptable business management software that simplifies accounting, inventory management, payroll and taxation. It’s a go-to-software solution for small and medium-sized enterprises. TallyPrime is renowned for its ease of use, speed, flexibility and reliability. It’s a trademark for Tally products. With the latest updated TallyPrime, you will experience a whole new level of managing business much smoother.
To handle complex accounting tasks, TallyPrime 5.1 is a must have for accountant or business owners. The advanced feature are particularly beneficial for;
Switching to TallyPrime 5.1 is a simple procedure that can be easily accomplished. To start with TallyPrime, constant training is required to aim in accounting, inventory management and taxation roles. Tally accounting software is used widely in UAE with the latest VAT regulations. It has released a new and improved version of Tally.ERP 9 called TallyPrime 5.1.
TallyPrime Gold aims several users for multiple PCs using a local area network. Gold and silver editions are in the same in features and functions expect that many users can work at the same time in Tally Gold.
TallyPrime Silver is for a single user. This edition comes with all the features and skills of Tally. ERP 9. It also involves services like remote access. Both versions have same functions but only runs on a single single.
The built in tools of Tally ERP can efficiently manage and compute VAT, which is tax imposed on the increases in value of goods and services at every stage of production or distribution.
Tally Prime 5.1 serves at its best without interrupting the business. It’s a powerful tool that addresses the evolving needs of modern accounting professionals.
With over 15+ years of experience as a reliable Tally Solutions partner, our team experts at penieltech in UAE, Oman and India is well versed in Tally Prime and can provide the best solutions for implementation, troubleshooting and advanced features by upgrading your business operations.
At penieltech – No.1 Complete Accounting Software; we are the only Tally Gold partner in UAE and MENA region with expertise in customizing 3,000+ modules to various business requirements, helps easily integrate with CRM for better efficiency and access tally remotely anytime and from anywhere.
Don’t let the outdated systems hold you back, Unlock the power of Tally 5.1 today by give us a call at +971 4 239 8571.
What are the key new features of Tally Prime 5.1 for UAE businesses?
VAT-compliant invoicing, FTA-approved tax filing, multi-currency support, and advanced inventory tracking.
Is Tally Prime 5.1 approved by the UAE Federal Tax Authority (FTA)?
Yes, it is fully FTA-approved and ensures seamless VAT compliance.
Can I generate VAT reports and file returns directly with Tally Prime 5.1?
Yes, it automates VAT 201 form generation, tax reconciliation, and return filing.
Does Tally Prime 5.1 support Arabic invoicing for UAE businesses?
Yes, it offers bilingual invoices in English & Arabic for UAE businesses.
How can I upgrade to Tally Prime 5.1 in the UAE?
pgrade free with an active TSS subscription or buy from an authorized UAE Tally partner.
