Emtax | Get. Set. VAT.

Features

Schema Binder

The system is designed to accept different data sources with a simple configuration step.

Upload: The system expects a simple excel upload that becomes the input source for the seamlessly designed drag and drop utility.

Map: It would be a breeze to map data elements between your existing system to emtax data structure with ease.

Process: It’s all set. Get the data in, take the tax compliance reports out.

Validation Engine

Data is validated using precise structural and logical parameters.

Errors and Warnings: The Validation Engine scrutinizes this data for tax critical components and catches any errors.

Tax critical process improvements: Validating allows you to find gaps in your data, and plug them in to ensure tax compliance.

Tax Engine

We’ve bundled the latest tax rates and rules into the emtax Engine. So you don’t have to deal with the nitty gritties.

Determination: The Tax Engine uses data from native ERP systems to get you the exact tax and reporting treatment for every single transaction.

Exception Handling: Tax personnel can run exception reports to catch errors in the tax decision and correct them.

Tax specific Adjustments: Emtax is designed to handle the different tax specific adjustments in the computation of VAT as per the provisions stipulated in the VAT Laws of the GCC countries.

Analytics and Reporting

From standard analytics to self-service reporting, the Analytics module is scalable to meet the requirements of different types and size of companies.

Standard Analytics Reports: Analytics Reports are baked in to give you insights into tax critical metrics and performance.

Custom Analytics Reports: If you need a deep dive, we also provide on-demand custom analytics reports and self-service reporting tools.

Group VAT reporting

Designed for organizations with multiple legal entities that have a single VAT registration.

Consolidation: The Group VAT Reporting Module consolidates VAT liability and automates returns at the group level.

Analytics and drill down: Identify problems at Entity Level. Ensure compliance at Group Level.

FX Engine

Exchange Rate Repository: Go-to source for getting latest exchange rates. (Published by the Central Banks of GCC countries for VAT).

FX Compliance: Ensure exchange rate compliance at all times.

Tax Invoice

Compliant Invoice Format: Built in Tax Invoice templates. Be compliant with all invoicing rules of GCC countries.

Direct Communication to Customers: Invoice your customers directly by email.

Tax Compliance features

Emtax has several tax compliance features to help companies manage the VAT compliance process efficiently.

VAT return output (Tax Authority compliant): Auto-filled templates that help you file UAE, Saudi and Bahrain returns.
FAF File (FTA Audit File) for UAE: Get FAF File in FTA defined format.

Using emtax gives users the ability to automate tax decisions, eliminate error prone manual processes, and reduce the need for non-tax resource assistance.