POS Software With VAT

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Our POS software support VAT (value added tax) for products that allow you to generate value added tax calculations and compliant VAT receipts and make you more easily to follow new VAT regulations 2018 UAE.

Why it is important to have value added tax functionality:

VAT is the predominant form of tax used around the world. It is key for companies who need to comply with VAT tax to be able to display their tax added on their goods through their point of sale systems. Having this function within PiCS POS allows for easy calculation and clear identification of tax added to goods.

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How VAT works in PiCS Retail POS:

“To calculate VAT in PiCS POS use the built in price calculator that automatically calculates the price required to make the VAT inclusive price equal to the entered value. PiCS POS will automatically print receipts and labels with the VAT included price.

VAT is a highly efficient flat consumption tax that reduces the incidence of non-compliance because tax is assessed at more than one point. VAT is like sales tax in that ultimately only the end consumer is taxed, but the tax is collected and remitted to the government only once at the point of purchase by the end consumer.”