Maintain your tax compliance through Filings.ae platform at an affordable price. Get support from Experienced Accountants for bookkeeping, financial statement preparation, VAT and Corporate Tax filing.
Maintain your tax compliance through Filings.ae platform at an affordable price. Get support from Experienced Accountants for bookkeeping, financial statement preparation, VAT and Corporate Tax filing.
Maintain your tax compliance through Filings.ae platform at an affordable price. Get support from Experienced Accountants for bookkeeping, financial statement preparation, VAT and Corporate Tax filing.
Manage your business and track services |
Manage your business and track services |
Manage your business and track services |
The VAT returns audit will be conducted at the offices of the chosen business or a place decided by the Federal Tax Authority (FTA). The FTA will notify the business at least five business days regarding the audit. It will be conducted during official working hours. The audit is not compulsory for all businesses registered under VAT. However, FTA will select the companies for the audit based on certain factors. This article explains to you the concept, factors, and procedure of the VAT returns audit.
Get expert help from Filings.ae to file VAT returns properly for a smooth tax audit process!!
VAT return audits are official examinations conducted by the UAE's Federal Tax Authority (FTA). These audits assess a company's VAT calculations, records, and reporting practices for a specific period. The primary objectives of a VAT return audit in the UAE include:
It is FTA's decision to choose the business for tax audit. The following factors will be considered when selecting the business for VAT returns audit in UAE,
VAT return audits in the UAE typically follow a standardised process:
Note: This is the standard process, which might change from company to company. If the officials are unsatisfied with the tax audit, the process can be elaborated.
Here is the brief process to prepare for the UAE VAT returns audit and ensure a smooth tax audit process:
Note: This list is not exhaustive. The FTA may request additional documents during the audit to assess your tax obligations.
In conclusion, VAT return audits in the UAE are necessary to ensure businesses comply with VAT regulations. The FTA selects companies for audits based on various factors and follows a standardised procedure. Businesses can improve their preparedness for a VAT return audit by reviewing their systems, tax calculations, VAT returns, tax payments, and record-keeping practices. By maintaining accurate records and adhering to UAE VAT regulations, businesses can minimise the risk of errors or penalties during an audit.
Filings.ae helps you with UAE VAT return filing & avoid penalties and non-compliance!!
We are backed by reputed investors like ICICI Bank Limited, BeeNext & Udtara.
We have over 700 employees across UAE & India to support our global client-base.
We place our customers interest and have a refund policy. If a service is not delivered, refund is provided.
We are committed to providing affordable and reliable services to our clients. At Filings.AE, our team of 700 employees across India serve over 1 lakh paid customers globally. We help businesses with incorporation, trademark, tax filing, compliance and payroll services.