What is the best software for VAT?

When it comes to VAT compliance, FirstBit ERP is one of the best software solutions for businesses in the UAE. The FirstBit ERP Taxes module provides automated VAT calculations and VAT Return preparation, ensuring full compliance with local tax laws. Whether you're managing VAT for construction projects or handling multiple VAT rates, FirstBit ERP ensures accuracy and efficiency, all while simplifying the VAT reporting process.

What is the most common method of accounting for VAT?

The most common methods for accounting for VAT are cash accounting and invoice accounting. In FirstBit ERP, VAT is calculated and tracked automatically according to the applicable tax rules of your country. For businesses in the UAE, FirstBit ERP supports VAT Return preparation and multi-rate VAT management, making it easier to comply with local VAT requirements outlined by the UAE's Federal Tax Authority.

Is FirstBit ERP FTA-approved?

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

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. The system ensures accurate VAT accounting and supports real-time reporting for seamless integration with your software.

Does FirstBit ERP integrate tax processes with accounting?

Yes, FirstBit ERP is a powerful VAT accounting software that 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 which are easily integrated into the accounting software module within the system.

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. You’ll always be ready with VAT compliant records and audit-ready reports.

What is the accounting standard used in UAE?

In the FirstBit ERP – UAE Taxes module, the accounting standard used is International Financial Reporting Standards (IFRS) (or IFRS for SMEs where applicable), as mandated in UAE financial reporting legislation for taxable entities.

Can I submit VAT without software?

You can't submit VAT manually on paper. All VAT returns must be filed electronically through the UAE Federal Tax Authority’s (FTA) EmaraTax / e-Services portal. You may use external software (such as FirstBit ERP) to prepare and calculate your VAT figures, but the final submission to the FTA must be made via the official online system.

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 within a unified VAT compliant ERP system, 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 through VAT accounting software in UAE

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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 — including your VAT return report
Easily generate detailed reports to track tax process including 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 full tax compliance of your construction business.

Output and input VAT

Track and manage on sales and purchases for accurate VAT accounting including 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 as part of FirstBit’s VAT accounting software suite.

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 our 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

Enable error-free and compliant accounting software. 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 — the best choice for construction companies in Dubai and across the UAE. It is a VAT compliant accounting software, built specifically for construction businesses that need accurate and full regulatory alignment.

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.

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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.

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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 our 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 is the best software for VAT?

What is the most common method of accounting for VAT?

Is FirstBit ERP FTA-approved?

What reports can I generate with the FirstBit Taxes module?

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?

What is the accounting standard used in UAE?

Can I submit VAT without software?

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