Leading Bank in UAE uses SunTec for VAT Compliance

About the client:

The client, headquartered in Abu Dhabi, is one of the leading domestic banks in the United Arab Emirates. With a variety of products and services addressing needs ranging from basic requirements of individuals to more complex requirements of corporate entities, the client has an extensive network of banking centers in over 56 locations across all the Emirates.

SunTec’s VAT compliance solution enabled the bank to:

• Ensure VAT compliance across 4 lines of businesses and across 7+ different applications
• End-to-end VAT implementation across multiple LOBs, catering to the transactions in the UAE
• Ability to accurately handle end-to-end tax management for a volume of 400,000 transactions per month across businesses lines