First BIT and Emirates Chartered Accountants Group together with Khalifa Fund, and The Institute of Chartered Accountants of India Abu Dhabi Chapter, teamed up to hold a free seminar dedicated to correcting tax management within the recent introduction of VAT. The seminar took place on August 15, 2018 at St. Regis Abu Dhabi.
VAT made simple
How to determine the correct exchange rate for VAT calculationYou may use other exchange rates on deals with suppliers and customers!
Accounting for VAT
How to choose VAT accounting softwareIt appears rather complicated to choose a software solution for VAT accounting. We have prepared a brief checklist.
VAT made simple
How to avoid VAT penalty?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.
FirstBIT Accounting Updates
Aster Aviation Services Submits Tax Return Under the New UAE Law with FirstBIT AccountingLear how FirstBIT Accounting helped Aster Aviation complete first VAT Return
VAT made simple
Guidance on VAT ReturnVideo guide how to complete VAT return in UAE
VAT made simple
Keep Proper Business and Accounting RecordsVAT-registered businesses must keep proper business and accounting records for a period of five years to support VAT declarations.
VAT made simple
VAT for Designated Zones in UAEDesignated zone? Free zone
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