Each Client’s Currency and VAT
Clients are set up with their own currency and VAT treatment: 5% for UAE clients, zero-rated for qualifying services to overseas clients.
IT and software services
Accounting for IT and Software Companies
You build software and support clients in the UAE, Europe and India, billing some by project and some by monthly retainer.
Sound familiar?
What Gets in the Way Today
We hear the same problems from IT and software companies across the UAE.
- Invoices go out in USD, EUR and INR, and VAT treatment differs between UAE and overseas clients.
- Freelancer bills and software licences are not linked to projects, so project profit is unknown.
- Monthly retainer invoices depend on someone remembering to raise them.
- The books are not in shape for Corporate Tax.
How TaxMate solves it
Built Around How You Work
Profit by Project
Freelancer bills, licences and other costs are tagged to projects, so revenue and cost compare project by project.
Retainers That Invoice Themselves
Retainer invoices are raised every month from saved client and service details.
Corporate Tax Worksheet
All income and costs post to one ledger, and the worksheet applies the 0% band and the Small Business Relief test.
E-Invoicing for UAE Clients
Invoices to UAE businesses go out as e-invoices through an accredited provider.
Your Accountant Inside
Your accountant gets their own login to review and adjust, with every change recorded.
What You Get
- The right currency and VAT on every client invoice
- Profit visible for each project
- No missed retainer invoices
- Corporate Tax-ready accounts all year
Features used: Multi-currency invoicing · Customer-level VAT treatment · Project and cost centre tagging · Repeat invoicing · Corporate Tax worksheet · E-invoicing · User roles and audit trail
FAQ
Common Questions
Do I charge VAT to a client in Europe?
Usually not, if the service meets the export conditions above, so the invoice is zero-rated. Check each contract: services connected with goods or property in the UAE stay at 5%.
Can I invoice in USD or EUR?
Yes. The invoice is in the client’s currency, and TaxMate shows the VAT amount in AED, as UAE tax invoices require.
Will Small Business Relief help me?
If your revenue has stayed at AED 3 million or less, you may elect it for tax periods ending on or before 31 Dec 2029. Try the Corporate Tax calculator.
When do IT companies need to start e-invoicing?
It depends on revenue. Under AED 50 million, appoint an accredited provider by 31 Mar 2027 and go live on 1 Jul 2027. With AED 50 million or more, the appointment date was 30 Oct 2026 and go-live is 1 Jan 2027. Check your dates.
Related Industries
Facilities maintenance servicesContract invoices on time, parts costed to each contract and one set of books with your accountant.Online sellers and marketplacesSales, fees and payouts by channel, and one stock view across your own and marketplace warehouses.Freight forwarding and logisticsProfit per shipment, pass-through charges kept apart and the right VAT on every service.
See all industriesBe E-Invoicing Ready Before Your Deadline, Not on It
See TaxMate with your own invoices in a 30-minute demo.