UAE Corporate Tax: Technology to help businesses stay compliant

With the UAE introducing corporate tax from June 1, companies in the country are now focusing on getting their tax liabilities compliant with the latest government rules.

Technology has come a long way in helping businesses streamline tax processes and stay compliant. Cloud-based accounting systems help businesses automate tax calculations, generate tax reports in Federal Tax Authority’s (FTA) mandated format, and help in maintaining accounting records and documents securely.