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International Company Aster Aviation Services DMCC Streamlines Financial and Tax Accounting in Compliance with IFRS Using FirstBit ERP

11 Feb 2026
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Aster Aviation Services DMCC
Aster Aviation Services DMCC provides a wide range of aviation services across the Asian market, organizing and coordinating aircraft ground handling and refueling operations at all major airports in Central Asia.
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    Dubai 
    
                                        
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                                                   11-50 employees                                                
    
                                        
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                                              Logistics / transportation                                            
    
                                      
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                Business Requirements: Financial and tax accounting, financial and management accounting (FRP)
            
    
        
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                Implemented Solution: FirstBit ERP
            
    
        
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                Number of Automated Workstations: 5
            
    
        
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                Number of Employees: 15
            
    
        
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Overview





    Value Added Tax (VAT) was introduced in the UAE on January 1, 2018. Like many local businesses, Aster Aviation Services had to file VAT returns for the first time, but its outdated accounting software did not meet the new tax accounting requirements.




    Aster Aviation Services needed to adapt quickly to the new UAE tax legislation to ensure that it could submit its VAT return for the first reporting period.




    First Bit specialists recommended FirstBit ERP, a solution specifically designed to meet the needs of businesses in the Middle East. The system supports UAE tax legislation and International Financial Reporting Standards (IFRS).




    The transition to the new accounting system involved three stages:




    
    
        
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                Developing an accounting methodology tailored to the company's business operations
            
    
        
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                Installing and configuring the software
            
    
        
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                Assisting the client with the submission of its first VAT return
            
    
        
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    The first step involved a comprehensive analysis of the client's business processes. An external tax auditor assisted the team in developing the company's tax accounting policies. Once the system architecture had been designed based on the agreed methodology, the First Bit team worked with the client to implement FirstBit ERP.




    With support from First Bit specialists, Aster Aviation Services migrated its existing accounting documents to the new database and calculated its input VAT deductions. After thoroughly verifying the information, the company successfully entered the relevant data into the UAE Federal Tax Authority's online portal. The VAT reports generated by FirstBit ERP follow the structure of the official VAT return template, making data verification quick and straightforward.





    

        

            The First Bit team helped us quickly navigate an unfamiliar tax system in a country where we were new to doing business. FirstBit ERP includes functionality for preparing VAT returns in accordance with the requirements of the UAE Federal Tax Authority.

            We particularly appreciate how user-friendly the system is. All the information we need is readily available, reports can be generated easily, and automatic cost calculations save us considerable time and effort.
        

    

    

        

        

        

            Director, Aster Aviation Services DMCC
        

    





Project Objectives





    
    
        
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            Automate the company's financial accounting processes in accordance with IFRS and UAE legislation.
        
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            Automate VAT accounting in compliance with UAE tax legislation.
        
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            Automate the preparation of VAT returns for submission to the UAE tax authorities.
        
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            Automate the dispatcher's workstation to streamline the processing of service requests.
        
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Project Results





    

        
    
            
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                Financial and tax accounting processes are managed in accordance with IFRS requirements.
            
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                VAT returns are prepared using FirstBit ERP.
            
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                A dispatcher's workstation has been configured to provide up-to-date flight information.
            
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Frequently Asked Questions



    

        

            

                How can a new company in the UAE prepare its first VAT return?
            

        

        

            The process begins with analyzing the company's business operations and developing a tax accounting policy, usually with the assistance of a tax consultant. Once the accounting system has been configured according to this methodology, existing accounting documents are migrated to the new database. The information is then used to calculate and prepare the company's first VAT return, which is submitted through the UAE Federal Tax Authority (FTA) portal.
        

    

    

        

            

                How can a company maintain accounting records in compliance with both IFRS and UAE legislation?
            

        

        

            This requires an accounting system designed to meet both sets of requirements. It should generate financial statements in accordance with International Financial Reporting Standards (IFRS) while also preparing VAT returns in a format that matches the official UAE Federal Tax Authority template. This simplifies data reconciliation and verification before submission.
        

    

    

        

            

                How can accounting processes be automated for an aviation or logistics company in the UAE?
            

        

        

            In addition to standard financial and tax accounting, aviation and logistics companies benefit from automating their operational workflows. For example, a dispatch management system can provide real-time information on flights and service requests while integrating operational data with financial accounting within a single platform.
        

    


        

      
      
          


    

              

        


        

          

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