Set up your Wafeq account for UAE VAT compliance
Wafeq is a VAT-compliant accounting software that makes your VAT reporting super easy in the UAE.
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While creating your organization's Wafeq account, configure your VAT settings:
- Indicate AED as your base currency
- Select your business location as the United Arab Emirates
- Choose the Emirate where your business is registered
- Check the Yes box for your VAT-registered business You can also change these settings by going to Account Settings and editing your Organization details.
- From your company's Workspace menu, click on Account settings
- Click on the edit button to enter your company's address
- Enter your Tax registration number
- Click Save.
You're now ready to create and send VAT-compliant invoices and record VAT-compliant bills and expenses. Wafeq will then automatically generate your VAT return in the format required by the Federal Tax Authority of the UAE.