Since the recent implementation of VAT, First BIT has worked towards educating different businesses about managing their accounts more efficiently and bringing more value to their clients. Its collaboration with industry’s best accounting and tax consultancy firms has helped many businesses wrestle with the new tax regulations.

First BIT, a worldwide provider of business management and accounting software, has recently announced its partnership with Emirates Chartered Accountants Group to conduct a free seminar on VAT Accounting for Import and Export Transactions in UAE. This free seminar will be on 30 May 2018, 10:00AM at Hilton Sharjah.

The key topics to be covered in the seminar are:

- Specifics of VAT accounting for import and export transaction;

- VAT accounting in designated zones;

- Accounting for out-of-scope transactions;

- VAT accounting for foreign exchange transactions;

- VAT return completion for import & export transactions;

- AED conversion rates, with a focus on the as-of date (upfront payments, shipments);

- Clearance methods (by oneself, via a broker, postal service);

- Practical Case in FirstBIT Accounting: specifics of completing the VAT return, completing purchase data & customs declaration, completing purchase data, down payment example, shipment, tax invoice & VAT return filing.

For more information and to register for the limited number of available seats, please visit “VAT for Import & Export Transactions in UAE”

About First BIT:

First BIT is a global IT company that provides business automation and IT solutions worldwide with eighty branch offices in five countries. Over a period of twenty years, First BIT has helped customers transform business processes through comprehensive business automation solutions and a full range of IT-related services. The company’s track record includes numerous successful VAT implementation and more than 150,000 automation projects.

About Emirates Chartered Accountants Group:

Emirates Chartered Accountants and its associate Emirates Chartered Accountants Group are ISO 9001-2008 Certified International Chartered Accountants Firms headquartered in Dubai. Being born in the emerging Business Capital of the world, it has gained popularity among the business sector from small and medium sized companies to the multinational corporate. The timely service complemented with the quality oriented attitude and customer centric approach together equates the firm as the proficient accounting firms in Dubai.  

For more details:

First BIT

Phone: +971 4 439 6900

Email: UAE@firstbit.ae

Website: www.firstbit.ae

© Press Release 2018