VAT health check in Dubai will ensure VAT compliance with FTA laws. VAT in UAE is a complicated subject that is impacting all the elements of a business. Different businesses with different sizes and different natures are facing different complexities in regards to VAT.
To run the business smoothly in UAE, businesses must ensure VAT compliance to avoid VAT fines and penalties from Federal Tax Authority.
It is the responsibility of the taxpayer to make sure that everything is in line with the FTA rules and regulations. A VAT health check is a type of VAT audit to identify the risks and errors in the VAT by reviewing and analyzing the previously filed VAT returns and VAT refunds.
The VAT health check enables a business to identify any mistakes in the VAT and make corrections of them before getting a penalty from FTA. It is the responsibility of business to follow the rules and guidelines of FTA while handling VAT.
FTA officials are conducting a VAT audit on regular basis to different companies in UAE. If the FTA auditors find out an error or mistake in your VAT, they will impose VAT fines on your business.
Xact Auditing is providing the best VAT health services in UAE to help businesses identifying their errors and fix them timely. The scope of work for a VAT health check in UAE will include:
There are many advantages of the VAT health check in the UAE. Your business will avoid all kinds of VAT fines from FTA after conducting a complete VAT health check process. Following are the main benefits of VAT health check in UAE:
Our tax experts have a wide range of experience in all kinds of business industries. Our professional VAT specialists will assist you in many ways to ensure complete VAT compliance of your company as per the FTA’s rules and regulations. After conducting a VAT health check, our VAT experts will grade your company based on passed and failed checks.
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