VAT Health Checkup in the UAE

Ensuring your company’s compliance with VAT legislation is necessary in the UAE. A VAT health check is a preventive approach to protecting your company from VAT concerns. Recognising and correcting VAT compliance issues early on can help you avoid financial fines, optimise processes, and improve overall business efficiency.

A VAT health check provides peace of mind by reducing the risk of non-compliance, identifying possible savings, and improving operational efficiencies.

As companies develop, they may experience problems in supply chains, billing structures, and customer or supplier data setup, resulting in non-compliance. Effective VAT management is necessary for correct reporting and avoidance of penalties.

How can Transacle help you ?

Our thorough VAT health check service helps prevent penalties by discovering compliance concerns early. Transacle’s VAT health-check procedure is designed to verify that your firm complies with VAT requirements while optimising your operations.

• We begin by determining your company’s demands and developing a customised contract. Our team thoroughly evaluates your transactions to find any non-compliant areas.
• We document your whole supply chain to guarantee transparency and compliance.
• We thoroughly examine your VAT systems, transaction types, codes, supplier and customer data, indirect tax filings (e.g. VAT, ESL/VIES Intrastat), and BREXIT-related implications.
• You will now get a complete picture of your accounting chain, including potential VAT compliance concerns.
• We tackle issues that need to be rectified while also identifying possible improvements and cost savings.
• We also provide a reference template for your supply chain procedure to help with future compliance.

 The VAT health check process usually takes around 30 hours to complete.