To verify the accuracy of a taxpayer’s VAT liability, a tax audit reviews various documents maintained by the taxpayer. This process assesses whether taxable entities are meeting their obligations in accordance with tax laws.
The Federal Tax Authority (FTA) conducts annual tax audits to ensure that all liabilities are correctly calculated, collected, and submitted to the government on time. Consequently, taxpayers will receive an audit notice ahead of time.
To ensure your company is prepared for the tax audit, a tax consultant can assist in organizing and preparing all necessary documents for the tax assessment.
Make sure all required documents are ready for presentation during the assessment. Keep in mind that poor record-keeping can lead to penalties.
System Review
Ensure your accounting software is up-to-date and compliant with the Federal Tax Authority’s requirements.
Tax Calculation Review
Verify that the calculations for your company’s output and input taxes align with UAE laws, which set the tax rate at 5%.
VAT Return Review
Your tax consultant should thoroughly check the VAT returns to ensure all values are accurately recorded and all necessary information is included.
Tax Payment Review
Confirm that all tax payments are made accurately and on time, before their due dates.
Support better financial decision-making with reliable data, professional analysis, and practical recommendations.
Comprehensive review of financial statements for accuracy, completeness, and compliance.
Evaluation of tax records and filings to identify compliance gaps and potential risks.
Detailed assessment of VAT calculations, records, returns, and supporting documentation.
Identification of financial inconsistencies, reporting errors, and areas of potential tax exposure.
Examination of financial processes and controls to improve accuracy, efficiency, and accountability.
Clear audit findings with practical recommendations to strengthen financial and tax compliance.
To date we are providing Accounting Services for more than 250 clients
across the UAE in Trading, Construction, Real estate, Healthcare, Logistics and other services.
