Small businesses and organisations in the UAE may face numerous challenges due to the evolving tax landscape. The Federal Tax Authority emphasises effective tax management as regulatory requirements grow. According to financial experts at DgTx, a VAT & Corporate Tax Consultation company in Dubai, an increasing number of organisations are turning to digital taxation to keep up with the rising tax compliance obligations and streamline inefficient processes while mitigating tax risks.
Why is digital taxation crucial in the UAE?
Digital taxation, through the integration of technology, can facilitate effective and enduring tax reforms and lessen the barriers to compliance in the middle east. In the past decade, this transformation has accelerated as digital technology costs have decreased and the development of application tools has become more accessible.
How is DgTx unlocking the potential of digital taxation?
DgTx was founded in 2019 to minimise compliance costs, streamline tax procedures, and foster greater compliance for small and medium-sized enterprises. The company offers end-to-end tax management solutions to organisations by leveraging technology. Business owners can focus on their business operations. DgTx takes care of all tax-related activities, from filing VAT to getting a VAT refund, bookkeeping and maintaining records, and archiving data for seven years.
DgTx sets up android or iOS mobile applications and leverages cloud-based accounting software to ensure complete tax compliance for its clients with the FTA. DgTx mobile app renders round-the-clock access to track inventory, sales, and purchases.
The digital taxation services company schedules onsite accountant visits and appoints dedicated account managers for total peace of mind.
What the future holds?
According to Parvez Sultan Rupani, Chairman of DgTx, “UAE aims to advance its tax system and establish itself as a leading authority in the digital tax space. The region’s business community must embrace digital taxation as a tool for 100% tax compliance. The digital taxation ecosystem benefits taxpayers more than anyone else.”
DgTx: Unlocking the Potential of Digital Taxation
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