First BIT, a worldwide provider of business management and accounting software, has recently announced a partnership with Emirates Chartered Accountants Group to organize a free seminar on Automated VAT Accounting and VAT Return Completion. This joint seminar will take place on 2 April, 2018 10:00 am at Swissotel Al Ghurair, Deira, Dubai. The prime objective of the seminar is to help the UAE based businesses to help to prepare their first VAT return and automate VAT accounting.

The joint seminar from First BIT and Emirates Chartered Accountants Group will a not-be-missed opportunity for the business owners, CEOs/CFOs/COOs, financial managers, and accountants looking to understand the different critical aspects of VAT and its implications in the country’s key business sectors.

The line-up of speakers for the event includes Manu Nair, the CEO at Emirates Chartered Accountants Group, Anshul Wadha, the Project Manager at First BIT, and Pavel Zhgulev, the Solution Architect of First BIT Accounting. During the question and answer session, the participants can have their questions answered by these noted experts. Mentioned below are some of the most important topics to be covered by these eminent speakers.

  • Understanding the VAT return filing process
  • Calculation of tax liability
  • Emirates wise reporting
  • Treatment of bad debts and reverse charge in VAT return
  • Disclosure of zero rated and exempted supplies in the VAT return
  • Disclosure of standard rated expenses in the VAT return
  • Creation of tax invoices and tax credit notes
  • Accounting for export & import transactions
  • Potential VAT risk areas on specific business transactions
  • Basic concepts of reporting of various supplies/acquisitions of each VAT return-line item

To register for the limited number of available seats, please visit http://seminar.accounting-software.ae/vat

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: http://seminar.accounting-software.ae/vat
Website: www.firstbit.ae

© Press Release 2018