VAT in GCC: Get your institution VAT-Ready with Fedena

Abstract

With the advent of VAT in GCC countries, there have been considerable changes in the fee and finance structure of educational services. Fedena has been updated to keep all this into consideration and make this transition smooth by incorporating these adjustments within the process.

The thought comes to mind, why do we really need an automated system specifically to manage the VAT which can easily be handled by an institute’s accountant. Fedena introduces this, to make the lives of an accountant simpler; who doesn’t have to deal with all the paperwork, collecting and calculating various tax rates applicable on different fees. Managing everything manually is a greater possibility, which might create confusions when maintaining the records. These are the factors which are commonly responsible for decreasing the productivity of an accountant and also lead to an inaccurate financial structure.

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