FirstBIT Accounting Updates
First BIT to hold free training course for FirstBIT AccountingFree Training course
VAT & Financial Accounting in FirstBIT Accounting
Free Training course
VAT & Financial Accounting in FirstBIT Accounting
First BIT is pleased to announce the release of its new add-on modules –Deferred Expense & Deferred Revenue
Calculations in foreign currency are often used by companies across the UAE. This article describes how to calculate correct VAT for such operations.
Let us consider the following situations:
1. Full post-payment
2. Full prepayment
3. Partial prepayment: case 1
4. Partial prepayment: case 2
FirstBIT Accounting has been approved as a provider of the VAT-compliant accounting software by the Federal Tax Authority.
On October 2, 2017 UAE Council of Ministers adopted Cabinet Resolution No. (40). - resolution on administrative penalties for violations of VAT law in the UAE. This article analyses the most common mistakes which may cause penalties.
Learn about new features of FirstBIT software for UAE Tax compliance
Video guide how to complete VAT return in UAE