Oracle VAT for GCC

Oracle VAT for GCC

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Content 1.

Introduction to IRY Solutions

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What is VAT ?

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Oracle VAT Enablement

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How can IRY Help ?

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IRY Contacts

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www.irysolutions.com Corporate Presentation Nov’17

IRY Solutions Introduction…..

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Who Are We  IRY Solutions is a comprehensive Global Enterprise Solutions Provider and a System Integrator. with our cogent competencies and vibrant experience, we provide world-class IT Solutions to our clients in optimal time and cost. We help businesses thrive and outperform in today’s competitive world by our distinct yet closely-related IT Services.  IRY Solutions is founded on Oracle and SAP technologies and we enable you to keep up-to-date with global regulatory requirements, to better serve your customers and to keep ahead of your competition. If you are looking for Strategic Business Consulting, Implementation, Technical architecture and/or Application Support then please do not hesitate to get in touch. We are an exciting, dynamic, forward-thinking company with a flexible and agile approach to delivering Oracle and SAP Solutions. Web-UI, Animations 2D/3D and gaming designs.

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What is VAT ?

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What is VAT ?  VAT is an indirect tax applied upon the consumption of most goods and services. VAT is levied by VAT registered businesses which make supplies of goods and services in the course or furtherance of their business. VAT will also apply on the importation of goods. VAT is levied at each stage in the supply chain and is collected by businesses on behalf of the Government. VAT is ultimately incurred and paid by the end consumer. Although VAT will apply to most goods and services there are some likely exceptions: this includes basic food items, essential medicines and exports of goods and international services which are expected to be zero rated supplies. Furthermore, other supplies such as healthcare, education, sale or lease of residential property and finance and insurance are expected to be exempt from VAT.

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Oracle VAT Enablement Process…..

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Oracle ERP VAT Enablement Offering for GCC (7 Weeks)  VAT enablement for 3 entities  Amend 10 existing reports for VAT enablement  Develop 5 new statutory reports  Amend 10 VAT accounting rules for accounting  30 hours training for 10 power users/ super users  Update existing suppliers, customers and items to capture VAT specific information

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How Can IRY Help ?

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How Can IRY Help ?  IRY Can Provide a complete range of services to address all elements of VAT implementation and ongoing compliance with FIXED-COST Model.

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IRY Solutions

IRY Subject Matters

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Reach us +91 80-68888011 [email protected] www.irysolutions.com

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