Nakheel is one of the world’s leading developers and a major contributor to realising the vision of Dubai for the 21st century: to create a world class destination for living, business and tourism. Nakheel continues to deliver and enhance an iconic portfolio of innovative landmark projects in Dubai across the residential, retail, hospitality and leisure sectors.
In the first quarter of 2017, Nakheel announced its highest annual net profits in the company’s history: AED4.96 billion in 2016 – a 13 per cent increase on the 2015 net profit of AED4.38 billion.
The introduction of a value added tax (VAT) in the Gulf Cooperation Council (GCC) countries could provide an unpleasant shock to many businesses, especially if many companies are not ready in a region with certain previous knowledge of taxation. Unlike many organizations, Nakheel is now 100% ready to face the new VAT challenges and deal with the governmental laws with confidence.
Nakheel will now get the benefits of seamless transparency between tax and finance. They improved their tax process using a configurable task management and calendaring framework that is integrated with finance systems. Azdan consultants configures supplemental data management tool that provides a centralized repository for manual input.
Azdan VAT Reporting Tool provide one comprehensive solution to generate VAT return report. your zero Level transactions will be imported into the system using data management module, and data management tool can integrate with different source system (Oracle EBS, People Soft, Excel Sheet .. Etc).