VAT Pre-Audit in the UAE

The UAE implemented VAT in 2018, making compliance essential for almost every company. Noncompliance might lead to significant penalties. To guarantee compliance, tax officials perform frequent audits of financial records.

A VAT audit in the UAE is a formal review of tax records and accounting documentation by the Federal Tax Authority to detect VAT irregularities under UAE tax legislation. The major goal of VAT audits is to improve the financial health and promote equitable taxes in the UAE.

Only the UAE’s official regulatory agency, the Federal Tax Authority (FTA), conducts VAT/tax audits in compliance with the Tax Procedures Law. The FTA checks and collects taxes within a specific time window, and companies that fail to comply with VAT legislation incur significant fines and penalties.

How can Transacle help you?

Transacle provides VAT audit services in Dubai, which include a thorough evaluation of tax collection, payments, and compliance with VAT legislation. Before auditors evaluate the accuracy of tax processing, our team examines general system flaws by FTA requirements. Our team will also assist in resolving any difficulties to prevent hefty penalties during the FTA audit.

During a VAT audit, FTA tax auditors review tax returns and relevant information and may request originals or copies of documents. Tax agents and legal representatives may assist FTA VAT auditors, and if defects or inconsistencies are discovered, the taxable entity can be re-audited at any time.

Transacle also assists businesses in avoiding VAT noncompliance and fines by providing support before and during relevant authority audits.