What reports can I generate with the FirstBit Taxes module?

With FirstBit ERP, you can generate detailed tax reports, including VAT returns, CIT liability statements, recoverable VAT reports, tax account balances, and statements of tax accounts. These reports ensure compliance with FTA standards and provide clear visibility into your tax obligations.

Is FirstBit ERP FTA-approved?

Yes, FirstBit ERP is an FTA-approved software that meets all Federal Tax Authority requirements for VAT compliance.

Does FirstBit ERP integrate tax processes with accounting?

Yes, FirstBit ERP integrates tax processes with accounting, ensuring that VAT and CIT liabilities are automatically reflected in financial records. This reduces manual work and ensures accurate tax reporting.

Can FirstBit ERP handle multi-currency tax calculations?

Yes, foreign currency rates are updated automatically on a daily basis through a direct connection to the UAE Central Bank. This helps businesses save time and maintain accuracy in transactions involving multiple currencies.

What happens during an FTA audit? Can FirstBit ERP assist?

FirstBit ERP provides a comprehensive audit trail of all tax-related transactions, including reports and supporting documents, to assist during an FTA audit. This ensures transparency and compliance with Federal Tax Authority requirements.

Taxes

CONSTRUCTION FTA APPROVED SOFTWARE UAE

Automate UAE tax management for VAT and CIT

Streamline tax calculations, reporting, and submissions ensuring full compliance of your construction business with UAE regulations for VAT and Corporate Income Tax.

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CALCULATE

Ensure accurate tax calculations

Automatically calculate and record VAT and CIT liabilities, ensuring compliance with UAE regulations
Keep tax records updated in real time, avoiding manual errors
Streamline tax data integration with other financial processes for full accuracy across the system

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REPORT

Simplify tax submissions

Automate the preparation of VAT returns and CIT filings, reducing manual effort
Use predefined templates to simplify complex tax calculations and ensure timely, accurate submissions
Easily generate detailed reports to track tax payments, refunds, and pending liabilities

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TRACK

Gain full control over tax accounts

Get a complete overview of all tax-related transactions through detailed tax account statements
Monitor and reconcile VAT and CIT payments, credits, and liabilities in real time
Maintain accurate records for audits and compliance, ensuring transparency across all tax activities

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Achieve your goals with these features

Here are FirstBit ERP tools and reports to enable better management of construction projects.

Output and input VAT

Track and manage VAT on sales and purchases for accurate tax calculations and reporting.

VAT returns

Automate the preparation and submission of VAT returns in full compliance with FTA requirements and deadlines.

VAT liabilities

Calculate net VAT liabilities automatically by offsetting input VAT against output VAT.

FTA audit file

Generate audit-ready tax records that meet FTA standards, ensuring full compliance during inspections and reviews.

VAT rates

Apply predefined or customized VAT rates to transactions, ensuring accuracy across sales and purchases.

Recoverable VAT

Track and manage recoverable VAT amounts to maximize refunds and reduce tax liabilities.

Tax account balance

Monitor tax account balances in real time to gain a clear view of payments, liabilities, and credits.

Statement of tax accounts

Generate statements of all tax-related transactions, providing a detailed overview for compliance and audits.

Corporate tax liability

Automate the calculation of corporate tax liabilities based on UAE CIT regulations.

Corporate tax return

Prepare and submit corporate tax returns efficiently with automated calculations and templates.

Accounts settings

Configure tax settings tailored to your business needs, including VAT and corporate tax parameters.

Explore FirstBit ERP solutions approved by FTA

First Bit came with an impressive solution for all our accounting, project and administration needs. All departments are now synchronized which saves valuable time. This way, I can spend ample time on my business opportunities and developments.

Shiyad Rasheed

Director at MATRIX

Explore their story

First Bit came with an impressive solution for all our accounting, project and administration needs. All departments are now synchronized which saves valuable time. This way, I can spend ample time on my business opportunities and developments.

Who can get better results with First Bit Taxes module

CFO

Control costs and project profitability Explore

Accountant

Make accounting error-free and compliant Explore

Frequently asked questions

Don't find an answer? Meet our expert to get a detailed quote.

VAT and CIT tax software automates tax calculations, reporting, and compliance to meet UAE's Federal Tax Authority (FTA) requirements. FirstBit ERP includes a tax module integrated with other features like finance and accounting. It simplifies VAT returns, Corporate Income Tax filings, and tax reporting while ensuring compliance with regulations, making tax management part of an all-encompassing ERP solution.

Don't find an answer? Meet our expert to get a detailed quote.

Get to know the best FirstBit ERP features

Developed by experts in business automation of construction and contracting companies and united in a single customizable software.

Request a demo

Get to know the best FirstBit ERP features

Developed by experts in business automation of construction and contracting companies and united in a single customizable software.

Request a demo

Project cost control

Avoid going over budget

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Project management

Keep projects on track

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Procurement

Enable cost efficient purchasing

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Finance management

Achieve financial stability across projects

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Accounting

Ensure compliance and financial accuracy

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HR & Payroll

Manage workforce and payroll with ease

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Warehouse management

Optimize supply chain

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Equipment management

Control equipment usage

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Production

Integrate manufacturing processes

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CRM

Ensure all bids are submitted on time

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Sales

Streamline client negotiations and billing

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See FirstBit ERP solutions in action

Discover how our system solves the unique challenges of contractors in a personalized demo.

After the demo you will get a quotation for your company.

CONSTRUCTION FTA APPROVED SOFTWARE UAE

Ensure accurate tax calculations

Simplify tax submissions

Gain full control over tax accounts

Achieve your goals with these features

Output and input VAT

VAT returns

VAT liabilities

FTA audit file

VAT rates

Recoverable VAT

Tax account balance

Statement of tax accounts

Corporate tax liability

Corporate tax return

Accounts settings

Explore FirstBit ERP solutions approved by FTA

Who can get better results with First Bit Taxes module

CFO

Accountant

Frequently asked questions

What is VAT and CIT tax software?

What reports can I generate with the FirstBit Taxes module?

Is FirstBit ERP FTA-approved?

Does FirstBit ERP integrate tax processes with accounting?

Can FirstBit ERP handle multi-currency tax calculations?

What happens during an FTA audit? Can FirstBit ERP assist?

Get to know the best FirstBit ERP features

Get to know the best FirstBit ERP features

Project cost control

Project management

Procurement

Finance management

Accounting

HR & Payroll

Warehouse management

Equipment management

Production

CRM

Sales

See FirstBit ERP solutions in action