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About our solution

For organizations with multiple entities spread across GCC countries such as UAE, KSA, Oman, and Bahrain, managing multiple VAT Reclaims, and Compliances can be tedious and time-consuming.

It becomes cumbersome for businesses to gather required data and transactions from multiple data sources and prepare the VAT Reclaims and Returns as per specific geographies, especially when the data needs to be compliant as per the govt. norms and authorities.

Cygnet Infotech’s VAT Returns, Reclaims and Compliance Management Solution in UAE, KSA, Oman and Bahrain, helps businesses to automate the entire workflow and process i.e., tax data collation, validating the data, and preparing, verifying, and submitting their VAT returns in specific format provided by the tax authorities with ease.

Most impacted businesses

Companies operating in multiple geographies, medium to large corporates, and businesses operating in various industries

Wholesale and retail industry

Professional, scientific, and technical activities

Manufacturing industry

Accommodation and food service sector

Existing challenges that our solution can solve

Merging, managing, and using the data from multiple source systems, i.e., POS, ERPs, and other external portals.

Preparing, calculating, and staying compliant with frequent VAT Returns and Reclaims updates for organizations with multiple lines of businesses and types across GCC countries.

Managing and applying error-free VAT adjustments such as apportionment, partial exemption, capital goods, error data correction, etc., and its applicable appropriate justifications based on different geographies across GCC countries.

Managing and accessing multiple organizational structures such as individual, group, and divisional for same organizations.

Improper and inaccurate data and insights related to VAT reclaims and returns.

Manual VAT process workflow and management leading to reduced ROIs.

Solution offerings

Built-in rule engine

Data extraction from multiple Data Sources

Automated VAT Returns and Reclaims preparation, and management for expenses across UAE, KSA, Oman, and Bahrain

Organizational structures management

Readily integrate with BI tools to provide data insights and comprehensive dashboards

Here is what our clients say about us

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