First Bit renewed accreditation from the UAE Federal Tax Authority for its accounting solution as a leading provider of business automation and management software.
First Bit has been included in the Tax Accounting Software Registry (TASR) since 2018.
The VAT software solution delivered by First Bit is fully compliant with the UAE Federal Tax Authority and satisfies current tax laws and tax reporting guidelines.
FTA approval ensures that the tax data collected and submitted by the FirstBit ERP solution complies with the format adopted by the accounting authorities. All documents, including reports and tax audits with the FAF file, are generated in one click in full compliance with VAT regulations. This is critical for proper tax reporting for both individuals and legal entities registered in the UAE.
FirstBit's ERP solution provides automatic VAT return generation and other powerful accounting tools in a single system:
- Integrated Accounting;
- Payroll calculation and HR management;
- Project costing;
- PDC tracking;
- Multi-company, multi-currency and multi-warehouse accounting;
- Comprehensive reporting with the ability to drill down to individual transactions;
- IFRS compliance;
And much more.
Get more information about FirstBit ERP features by calling +971 4 439 69 00 or leave an application on our website.
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