UAE federal law on taxation have mandated the Federal Tax Authority (FTA) with the legal right to perform a tax audit on any person to determine their compliance with the provisions of the relevant laws. FTA audit is the government’s assessment of a company concerning its responsibility as a taxable entity. This audit ensures that every liability is paid and all tax dues are collected and given to the government within the timeframe given. The government also assesses a company on whether they are following certain responsibilities that apply to their business as per the Federal Tax Authority UAE tax laws.
VAT audit review reveals the disparities in your organizational tax policies and appropriate procedures as per UAE tax laws. The tax audit review will reinforce your organization’s capability to face a excise audit. To avoid falling under the category of excise non-compliance, it is always better to conduct a tax audit review or a excise health check in your organisation.
The FTA has set various options for taxpayers to rectify their mistakes before undertaking an assessment such as filing a voluntary disclosure or a reconsideration form as the case requires.
Excise audit review will help you in understanding the causes of non-compliance and address them for the past and the future. It will help you in identifying any areas which require rectification while assuring the accuracy of taxes remitted and compliance with FTA UAE tax laws.
our professionals are experienced in handling tax audits in various other jurisdictions in the world and can assist companies during a tax audit by the FTA in the UAE.
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