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FirstBIT ERP

VAT

Keep records in full compliance with the UAE VAT law.
Prepare VAT returns quickly and easily.

Preparing of Tax Invoice for customers

Preparing of Tax Credit Note for customers

Accounting of Tax Invoice and Tax Credit Note from suppliers

Keeping of other complicated cases of VAT accounting

Preparing of VAT Return

Ensure accurate VAT calculation in accordance with Federal Decree-Law No. (8) of 2017 on Value Added Tax. Avoid fines for tax law violation.

Module features

Record
  • VAT-compliant accounting for all business transactions
  • VAT on advance payments
  • Export transactions
  • Import transactions
  • Reverse charge mechanism
  • Manual VAT adjustment for complicated cases
  • VAT Return
  • Automatic generation of FTA audit file in FAF format
Analysis
  • Output VAT reporting
  • Recoverable VAT reporting

Deployment Options

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