(VAT Pre Audit)

VAT Health Check in UAE

VAT Health check in UAE wills definite VAT compliance with FTA laws. VAT in UAE is a complex subject that is impacting all the elements of a business. Dissimilar businesses with different sizes and differing natures are facing different complexities in regards to VAT. To run the business smoothly in UAE, businesses must certain VAT compliance to avoid VAT penalties from Federal Tax Authority.

What is VAT Health Check?

It is the responsibility of the taxpayer to make sure that each item is in line with the FTA rules and regulations. A health check is types of VAT. Audit to recognize the risks and errors in the VAT by reviewing and analyzing. But formerly filed VAT returns and VAT refunds. This VAT health enables a business to recognize any error.

The VAT and make rectifications of them before getting a penalty from FTA. It is the responsibility of business to follow the rules and instruction of FTA while handling VAT. FTA officials are conducting a VAT. Audit on regular basis to divergent companies in UAE. If the FTA auditors find out a mistake in your VAT. They will impose VAT fines on your business.

Benefits

We providing the finest  VAT Health check in UAE  to help businesses recognize their errors and fix them timely. The scope of work for a VAT Health check in UAE will incorporate.

  • Review of accounting data.
  • evaluation of quarterly VAT returns.
  • Review of VAT bill formatting.
  • investigation of input and output VAT calculation.
  • conciliation of accounting records and VAT return filings.
  • Identification of technical errors.
  • Organization of all the tax or VAT related documentation as per tax year.
  • execution of FTA VAT laws.
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  • Ensure that the goods/services eligible as taxable supply and VAT is properly calculated.
  • The Sales Order Processing system is automatic generating  accurate VAT values by reference to. The customer or type of  merchandise or service. country and designated zones as per VAT Law.
  • assist in preparation of VAT Audit files with complete audit trail.
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  • Preparing VAT Voluntary Disclosures Form 211, if need to rectify  mistake.
  • Analysis of the records
  • Identify risks and concerns.