Simple VAT

Knowledge resource center aimed to help SME’s to deal with VAT matters in a simple way

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

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.

1 2
Office 2202, Smart Heights Tower,
Barsha Heights (Tecom) Dubai

FirstBIT Accounting is lovingly made in Dubai, UAE.

Website Terms of Use Service Terms of Use Privacy Policy

Call us at +971 04 4396900