Expanding global financial management solutions
At grofleX ERP, we specialize in providing top-notch financial management solutions tailored to meet the diverse accounting standards and regulations across various global markets. Our commitment to understanding and integrating with the unique accounting requirements of each country ensures that businesses can operate seamlessly and comply with local financial regulations. Below is a comprehensive list of the countries we serve, along with the respective accounting standards applicable in each market.
| Sl.no | Continent | Country | Tax Category(IFRS, GAAP, VAT, Sales tax) |
| 1 | Asia | Bahrain (Bahraini Dinar (BHD)) | IFRS- VAT |
| 2 | Bangladesh (Bangladeshi Taka (BDT)) | IFRS- VAT | |
| 3 | Cambodia (Cambodian Riel (KHR)) | IFRS- VAT | |
| 4 | UAE (UAE Dirham (AED) | IFRS- VAT | |
| 5 | Indonesia (Indonesian Rupiah (IDR)) | IFRS- VAT | |
| 6 | Israel (Israeli New Shekel (ILS)) | IFRS- VAT | |
| 7 | Kuwait (Kuwaiti Dinar (KWD)) | IFRS- VAT | |
| 8 | Malaysia (Malaysian Ringgit (MYR)) | IFRS – Sales tax | |
| 9 | Maldives (Maldivian Rufiyaa (MDR)) | IFRS- GST | |
| 10 | Oman (Omani Rial (OMR)) | IFRS- VAT | |
| 11 | Philippines (Philippine Peso (PHP)) | IFRS- VAT | |
| 12 | Saudi Arabia (Saudi Riyal (SAR)) | IFRS- VAT | |
| 13 | Singapore (Singapore Dollar (SGD)) | IFRS – GST | |
| 14 | South Korea (South Korean Won (KRW)) | IFRS- VAT | |
| 15 | Taiwan (New Taiwan Dollar (TWD) – NT$) | IFRS- VAT | |
| 16 | Thailand (Thai Baht (THB)) | IFRS- VAT | |
| 17 | Vietnam (Vietnamese Dong (VND)) | IFRS- VAT | |
| 18 | India | IFRS – GST | |
| 19 | APAC | Fiji | IFRS- VAT |
| 20 | Australia (Australian Dollar (AUD)) | IFRS- GST | |
| 21 | New Zealand (New Zealand Dollar (NZD)) | IFRS – GST | |
| 22 | Timor – Leste (United States Dollar (USD)) | IFRS – Sales tax | |
| 23 | Europe | Austria | IFRS- VAT |
| 24 | Belgium | IFRS- VAT | |
| 25 | Croatia | IFRS- VAT | |
| 26 | Cyprus | IFRS- VAT | |
| 27 | Estonia | IFRS- VAT | |
| 28 | Finland | IFRS- VAT | |
| 29 | France | IFRS- VAT | |
| 30 | Germany | IFRS- VAT | |
| 31 | Greece | IFRS- VAT | |
| 32 | Ireland | IFRS- VAT | |
| 33 | Italy | IFRS- VAT | |
| 34 | Latvia | IFRS- VAT | |
| 35 | Lithuania | IFRS- VAT | |
| 36 | Luxembourg | IFRS- VAT | |
| 37 | Malta | IFRS- VAT | |
| 38 | Netherlands | IFRS- VAT | |
| 39 | Portugal | IFRS- VAT | |
| 40 | Slovakia | IFRS- VAT | |
| 41 | Slovenia | IFRS- VAT | |
| 42 | Spain | IFRS- VAT | |
| 43 | UK (pound £) | IFRS- VAT | |
| 44 | Ukraine (hryvnia ₴) | IFRS- VAT | |
| 45 | Czech (koruna Kč) | IFRS- VAT | |
| 46 | Hungary (forint) | IFRS- VAT | |
| 47 | Sweden (krona) | IFRS- VAT | |
| 48 | Denmark (krone) | IFRS- VAT | |
| 49 | Romania (leu/lei) | IFRS- VAT | |
| 50 | Bulgaria (lev лв) | IFRS- VAT | |
| 51 | Poland (zloty zł) | IFRS- VAT | |
| 51 | Africa | Algeria | IFRS- VAT |
| 52 | Angola | IFRS- VAT | |
| 53 | Benin | IFRS- VAT | |
| 54 | Botswana | IFRS- VAT | |
| 55 | Burkin-Faso | IFRS- VAT | |
| 56 | Cape Verde | IFRS- VAT | |
| 57 | Cameroon | IFRS- VAT | |
| 58 | Central African Republic | IFRS- VAT | |
| 59 | Chad | IFRS- VAT | |
| 60 | Comoros | IFRS- VAT | |
| 61 | Democratic Republic of Congo | IFRS- VAT | |
| 62 | Cote D’Ivoire | IFRS- VAT | |
| 63 | Djibouti | IFRS- VAT | |
| 64 | Egypt | IFRS- VAT | |
| 65 | Equatorial Guinea | IFRS- VAT | |
| 66 | Eritrea | IFRS- VAT | |
| 67 | Eswatini | IFRS- VAT | |
| 68 | Ethiopia | IFRS- VAT | |
| 69 | Gabon | IFRS- VAT | |
| 70 | Gambia | IFRS- VAT | |
| 71 | Ghana | IFRS- VAT | |
| 72 | Guinea | IFRS- VAT | |
| 73 | Guinea Bissau | IFRS- VAT | |
| 74 | Ivory Coast | IFRS- VAT | |
| 75 | Kenya | IFRS- VAT | |
| 76 | Lesotho | IFRS- VAT | |
| 77 | Malawi | IFRS- VAT | |
| 78 | Mauritius | IFRS- VAT | |
| 79 | Morocco | IFRS- VAT | |
| 80 | Mozambique | IFRS- VAT | |
| 81 | Namibia | IFRS- VAT | |
| 82 | Niger | IFRS- VAT | |
| 83 | Nigeria | IFRS- VAT | |
| 84 | Rwanda | IFRS- VAT | |
| 85 | South Africa | IFRS- VAT | |
| 86 | Sudan | IFRS- VAT | |
| 87 | Togo | IFRS- VAT | |
| 88 | Uganda | IFRS- VAT | |
| 89 | Zambia | IFRS- VAT | |
| 90 | Zimbabwe | IFRS- VAT | |
| 91 | North America | United States | GAAP – sales tax |
| 92 | Mexico (Mexican Peso (MXN)) | IFRS- Sales tax | |
| 93 | Honduras (Honduran Lempira (HNL)) | IFRS – VAT | |
| 94 | Nicaragua (Nicaraguan Córdoba (NIO)) | IFRS – VAT | |
| 95 | South America | Argentina (Argentine Peso (ARS) ) | IFRS- VAT |
| 96 | Bolivia ( Bolivian Boliviano (BOB)) | IFRS- VAT | |
| 97 | Chile (Chilean Peso (CLP) ) | IFRS- VAT | |
| 98 | Colombia (Colombian Peso (COP) ) | IFRS- VAT | |
| 99 | Ecuador (United States Dollar (USD)) | IFRS- VAT | |
| 100 | Guyana (Guyanese Dollar (GYD) ) | IFRS- VAT | |
| 101 | Paraguay (Paraguayan Guarani (PYG) ) | IFRS- VAT | |
| 102 | Peru (Peruvian Sol (PEN)) | IFRS- VAT | |
| 103 | Suriname (Surinamese Dollar (SRD) ) | IFRS- VAT | |
| 104 | Uruguay (Uruguayan Peso (UYU) ) | IFRS- VAT | |
| 105 | Venezuela (Venezuelan Bolívar (VES) ) | IFRS- VAT |
By leveraging grofleX ERP, businesses in these countries can ensure full compliance with local accounting standards and tax regulations, thereby streamlining their financial operations and enhancing efficiency. Our platform is designed to be adaptable and scalable, making it a perfect fit for businesses of all sizes and across various industries. Join us in revolutionizing financial management and unlocking new levels of business success.
