Zoho becomes first to introduce corporate tax capabilities in the UAE

Zoho becomes first to introduce corporate tax capabilities in the UAE

Zoho Books adds corporate tax capabilities in its tax engine to support UAE businesses

Prashant Ganti, Head of Product Management, Zoho Finance and Operations Suite. — Supplied photo

Published: Thu 25 May 2023, 9:14 PM

Zoho, a leading global technology company, announced the launch of new corporate tax features in Zoho Books, FTA-accredited cloud accounting software to enable businesses, solopreneurs, and freelancers to automate corporate tax compliance and gain better visibility into their tax filings.

In addition to helping businesses comply with VAT regulations, the new features launched in Zoho Books will provide businesses with automated tax calculations to ensure timely and accurate tax filing.

“When VAT was implemented in the UAE, we launched the UAE edition of Zoho Books to help businesses with tax compliance. Since then, we have witnessed a strong adoption and consistent growth in revenue in the region. This can be attributed to the fact that businesses are seeing the value of having powerful cloud accounting software that has compliance baked into the system. With the features launched today in Zoho Books, businesses can get visibility into how much they owe in corporate tax, and easily file returns. The addition of corporate tax capabilities shows our strong commitment in helping UAE