Latest news with #Wafeq
Associated Press
6 days ago
- Business
- Associated Press
Tax Star Announces Partnership with Wafeq to Simplify Corporate Tax Compliance in the UAE
DUBAI, DUBAI, UNITED ARAB EMIRATES, August 13, 2025 / / -- Tax Star, UAE's first AI-enabled corporate tax automation software, has partnered with Wafeq, a leading UAE provider of accounting and e-invoicing solutions, to help small and mid-sized businesses simplify corporate tax calculations and stay compliant with local regulations. This partnership solves a common pain point for UAE businesses: getting accurate accounting data ready for corporate tax filing. By connecting Tax Star's corporate tax automation features with Wafeq's accounting tools, users can seamlessly transfer calculation data, removing the need for manual exports or double entry. Used by thousands of UAE businesses, Wafeq is at the heart of day-to-day financial operations and now, it connects directly to Tax Star to close the loop on corporate tax. Tax Star focuses on corporate tax, helping users prepare returns, automate calculations, and generate reports that match Federal Tax Authority (FTA) standards. With this new integration, businesses can streamline their end-to-end process from everyday bookkeeping in Wafeq to ready-to-file tax returns in Tax Star. This helps reduce errors, save time, and keep financial operations fully in line with UAE tax law. Maher Aoun, VP of Sales & Business Development at Wafeq, commented: 'At Wafeq, we've always focused on simplifying compliance for businesses in the region. This partnership with Tax Star brings that vision full circle — enabling UAE companies to go from daily bookkeeping to corporate tax filing with zero friction and complete confidence.' Rayhan Aleem, Founder and Managing Director of Tax Star, added: 'Our goal has always been to help accountants work smarter, not harder. The collaboration with Wafeq brings that vision to life, connecting day-to-day accounting with audit-ready, compliant tax submissions. It's a huge step toward reducing manual work and giving firms one place to manage the whole process with confidence.' Key benefits for UAE businesses: ● Direct transfer of accounting data from Wafeq to Tax Star ● Reduced manual work and lower risk of mistakes ● Full support for corporate tax compliance ● A smoother, faster workflow from bookkeeping to tax filing The integration is now available to Wafeq and Tax Star users. For more details visit or Samantha Armstrong The PR Company +971 50 158 2958 email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Zawya
6 days ago
- Business
- Zawya
Tax Star announces partnership with Wafeq to simplify Corporate Tax compliance in the UAE
Tax Star, UAE's first AI-enabled corporate tax automation software, has partnered with Wafeq, a leading UAE provider of accounting and e-invoicing solutions, to help small and mid-sized businesses simplify corporate tax calculations and stay compliant with local regulations. This partnership solves a common pain point for UAE businesses: getting accurate accounting data ready for corporate tax filing. By connecting Tax Star's corporate tax automation features with Wafeq's accounting tools, users can seamlessly transfer calculation data, removing the need for manual exports or double entry. Used by thousands of UAE businesses, Wafeq is at the heart of day-to-day financial operations and now, it connects directly to Tax Star to close the loop on corporate tax. Tax Star focuses on corporate tax, helping users prepare returns, automate calculations, and generate reports that match Federal Tax Authority (FTA) standards. With this new integration, businesses can streamline their end-to-end process from everyday bookkeeping in Wafeq to ready-to-file tax returns in Tax Star. This helps reduce errors, save time, and keep financial operations fully in line with UAE tax law. Maher Aoun, VP of Sales & Business Development at Wafeq, commented: 'At Wafeq, we've always focused on simplifying compliance for businesses in the region. This partnership with Tax Star brings that vision full circle — enabling UAE companies to go from daily bookkeeping to corporate tax filing with zero friction and complete confidence.' Rayhan Aleem, Founder and Managing Director of Tax Star, added: 'Our goal has always been to help accountants work smarter, not harder. The collaboration with Wafeq brings that vision to life, connecting day-to-day accounting with audit-ready, compliant tax submissions. It's a huge step toward reducing manual work and giving firms one place to manage the whole process with confidence.' Key benefits for UAE businesses: Direct transfer of accounting data from Wafeq to Tax Star Reduced manual work and lower risk of mistakes Full support for corporate tax compliance A smoother, faster workflow from bookkeeping to tax filing The integration is now available to Wafeq and Tax Star users. For more details visit or For media enquiries, contact: Samantha@ Reem@ About Tax Star Tax Star is the UAE's first AI-enabled corporate tax automation software developed to simplify and modernize tax compliance for businesses and accountants. Tax Star offers tools for real-time tax calculations, financial statement generation, approval workflows, and deadline management, all in line with Federal Tax Authority requirements. With a focus on accuracy and efficiency, Tax Star helps businesses manage every step of the corporate tax process with confidence. The platform is designed to reduce manual work, eliminate errors, and streamline tax compliance for UAE-based organizations. About Wafeq Founded in 2019 by Nadim Alameddine, Wafeq was built to transform how SMEs in the Middle East manage their financial and accounting practices. The platform ensures compatibility with a range of requirements, including VAT, e-invoicing, payroll tax, and corporate tax filing, based on country-specific regulations. Wafeq meets every requirement of Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) and the UAE's Federal Tax Authority. Wafeq is a modern and easy-to-use software that powers every finance-related need of small to medium businesses in the Middle East, starting with accounting. With Wafeq, organizations can run their businesses better, using an innovative technology platform that ensures their compliance with regulations in the countries where they operate.
Wamda
16-04-2025
- Business
- Wamda
Wafeq partners with Comfi to fuel SME growth in the UAE
Press release: In a bold move to transform cash flow for small and medium businesses, Comfi, the UAE-based B2B embedded finance platform, has announced a strategic partnership with Wafeq, one of the GCC's leading and fastest-growing accounting software providers. Through this collaboration, Wafeq users can now turn their outstanding invoices into working capital in just a few clicks, accessing up to AED 2 million in flexible funding through Comfi—without disrupting their current sales process. 'This partnership is about giving SMEs more control, more liquidity, and more tools to grow,' said Sanjar Samiev, CEO of Comfi. 'We're embedding financing right where it belongs—into the daily tools businesses already use.' $5 Million Disbursement to Power UAE SMEs As part of this partnership, Comfi has committed to disbursing $5 million in invoice financing through the Wafeq platform to help UAE-based SMEs unlock cash flow and scale faster. Looking Ahead: Embedded B2B Credit for Wafeq Users The next phase will allow Wafeq customers to offer "Pay Later" options directly on their invoices, powered by Comfi. This allows clients to access credit while the supplier still gets paid upfront—with zero risk. "Our mission at Wafeq is to simplify financial operations for SMEs across the UAE and KSA," said Maher Aoun, VP of Sales and Business Development. "By integrating Comfi's credit infrastructure, we're creating a seamless ecosystem where companies can sell, get paid, and extend credit—all in one place." About Comfi Comfi is B2B payment platform with embedded finance enabling suppliers to offer credit terms to their customers while getting paid upfront, with zero risk or delay. To date, Comfi has: About Wafeq Wafeq is a leading cloud-based accounting and financial management software designed for businesses in the Middle East. Built with compliance at its core, Wafeq enables companies to seamlessly manage invoicing, accounting, payroll, and tax filing while ensuring full alignment with local regulations, including ZATCA in Saudi Arabia and the FTA in the UAE. Trusted by thousands of businesses, Wafeq provides a scalable and intuitive platform that empowers accountants, finance teams, and business owners to streamline operations, improve accuracy, and drive growth.
Web Release
14-03-2025
- Business
- Web Release
RemotePass and Wafeq Partner to Automate Payroll and Accounting for UAE & KSA Businesses
RemotePass, a UAE-based global payroll platform, and Wafeq, a UAE-based accounting software provider, have partnered to fully automate payroll accounting for businesses in the UAE and KSA. This integration seamlessly syncs payroll and financial data from RemotePass to Wafeq's accounting system in real-time, eliminating manual entry, reducing errors, and ensuring compliance. The two-way native integration eliminates manual entry ensuring accurate, efficient payroll reconciliation for businesses in the UAE and KSA on both platforms, resulting in an 80% reduction in payroll and expenses processing time. 'We're excited to partner with Wafeq; our integration enables businesses in the region to put payroll processing and financial data synchronization on autopilot, allowing them to focus on growing their business,' said Kamal Reggad, CEO of RemotePass. A Shared Vision for Scaling Businesses RemotePass and Wafeq provide localized platforms tailored for businesses in the Middle East, serving many shared clients and addressing the unique challenges faced by companies in the UAE and KSA. Key Benefits of the Integration: Seamless integration – Payroll data from RemotePass is automatically reflected and categorized in Wafeq's accounting platform providing real-time financial visibility and improved accuracy – Payroll data from RemotePass is automatically reflected and categorized in Wafeq's accounting platform providing real-time financial visibility and improved accuracy Error-Free Financial Records – Manual reconciliation and categorization errors are eliminated, ensuring payroll accuracy in financial reports. – Manual reconciliation and categorization errors are eliminated, ensuring payroll accuracy in financial reports. Time-Saving Automation – Finance teams no longer need to manually input payroll data, reducing administrative work. Empowering Businesses with Financial Automation By integrating two leading regional SaaS solutions, companies in the UAE and KSA can now better manage payroll and financial records with greater efficiency. This collaboration is a significant step toward simplifying payroll accounting and helping businesses scale with confidence. 'At Wafeq, we are committed to empowering businesses with seamless financial automation. Our partnership with RemotePass allows companies in the UAE and KSA to streamline payroll accounting effortlessly, reducing errors and saving valuable time. This integration is a game-changer for finance teams looking to enhance efficiency while staying fully compliant with local regulations.' said Maher Aoun, VP of Sales and Business Development, Wafeq.
Mid East Info
13-03-2025
- Business
- Mid East Info
RemotePass and Wafeq Partner to Automate Payroll and Accounting for UAE & KSA Businesses - Middle East Business News and Information
Dubai, United Arab Emirates: RemotePass, a UAE-based global payroll platform, and Wafeq, a UAE-based accounting software provider, have partnered to fully automate payroll accounting for businesses in the UAE and KSA. This integration seamlessly syncs payroll and financial data from RemotePass to Wafeq's accounting system in real-time, eliminating manual entry, reducing errors, and ensuring compliance. The two-way native integration eliminates manual entry ensuring accurate, efficient payroll reconciliation for businesses in the UAE and KSA on both platforms, resulting in an 80% reduction in payroll and expenses processing time. 'We're excited to partner with Wafeq; our integration enables businesses in the region to put payroll processing and financial data synchronization on autopilot, allowing them to focus on growing their business , ' said Kamal Reggad, CEO of RemotePass. A Shared Vision for Scaling Businesses RemotePass and Wafeq provide localized platforms tailored for businesses in the Middle East, serving many shared clients and addressing the unique challenges faced by companies in the UAE and KSA. Key Benefits of the Integration: Seamless integration – Payroll data from RemotePass is automatically reflected and categorized in Wafeq's accounting platform providing real-time financial visibility and improved accuracy – Payroll data from RemotePass is automatically reflected and categorized in Wafeq's accounting platform providing real-time financial visibility and improved accuracy Error-Free Financial Records – Manual reconciliation and categorization errors are eliminated, ensuring payroll accuracy in financial reports. – Manual reconciliation and categorization errors are eliminated, ensuring payroll accuracy in financial reports. Time-Saving Automation – Finance teams no longer need to manually input payroll data, reducing administrative work. Empowering Businesses with Financial Automation By integrating two leading regional SaaS solutions, companies in the UAE and KSA can now better manage payroll and financial records with greater efficiency. This collaboration is a significant step toward simplifying payroll accounting and helping businesses scale with confidence. ' At Wafeq, we are committed to empowering businesses with seamless financial automation. Our partnership with RemotePass allows companies in the UAE and KSA to streamline payroll accounting effortlessly, reducing errors and saving valuable time. This integration is a game-changer for finance teams looking to enhance efficiency while staying fully compliant with local regulations .' said Maher Aoun, VP of Sales and Business Development, Wafeq.
