Commentary by Mr Vikas Panchal, Business Head at Tally Solutions in the Middle East about VAT:

"VAT is a significant milestone in the history of the GCC and is all set to be a major boost for the economy. We understand that the change will be challenging to begin with, more specifically for businesses. At Tally, it is our commitment to help businesses across the UAE with VAT both in terms of helping them understand VAT and its implications as well as providing simple software which will make managing VAT very easy. Close to 10,000 of our existing customers have already moved to our VAT ready product and we will be conducting 2 bootcamps every day in the month of January to help businesses make a smooth transition to VAT and remain VAT compliant. People can reach us on 800-TALLY for any help on VAT."