One of the Largest GCC Banks Ensures VAT Compliance

About the client:

The client is the oldest bank in the UAE with award-winning financial solutions and services. Throughout its 50 years’ history, the bank has differentiated itself through innovative financial solutions, making it possible for its customers to achieve their aspirations. Today, the client has a significant presence across 12 GCC countries with 26 overseas branches and offices across Europe, USA, Asia, and Africa.

SunTec’s VAT Compliance solution enabled the bank to

• Automated end-to-end tax management to ensure VAT compliance across 9 lines of businesses
• Handles more than 1.3M transactions per month
• Smooth transition across different stages of VAT regulation with a hyper-agile framework