Sunday, 26 November 2017

Software for travel companies supports GCC VAT calculations

Graphic for the TINA travel ERP software.
Source: dcs plus. Graphic for the TINA travel ERP software.
Romania-headquartered dcs plus has announced support that its TINA web-based ERP system for the travel industry now supports value-added tax (VAT) in the Gulf Cooperation Council (GCC) region. The company has an office in Dubai, UAE.

As of January 2018, all member states of the Gulf Cooperation Council (GCC) will introduce VAT as per the VAT Framework Treaty signed in October 2016. 

TINA collects the bookings from all selling channels, fits them into standardised, ready-to-automatise workflows. TINA travel ERP allows businesses to: 
  • Calculate the VAT for each service that is introduced in the system: either based on the region where the service is offered - domestic, regional or international, or by customer type - company or individual, and even segmented by price component - supplier tax, service fee, and city tax 
  • Allocate the right percentage of VAT automatically 
  • Access reports regarding all transactions 
Cristian Dinca, CEO of dcs plus said: "TINA is used in more than 25 countries worldwide, helping and supporting large travel companies to automatise the process of VAT calculation and application, for almost 14 years now. Given our vast experience, we can assist GCC companies in adopting and implementing the new VAT framework, thus giving them more time to focus on growing their businesses."