VAT Compliance Audit

VAT Compliance Audit

A VAT Compliance Audit is a systematic review of a company’s Value Added Tax (VAT) processes, records, and filings to ensure adherence to UAE VAT laws and regulations. The audit verifies that VAT is correctly calculated, collected, and remitted to the Federal Tax Authority (FTA).

Key Points:

Examines VAT returns, invoices, and supporting documentation.

Ensures correct VAT calculation, reporting, and timely payment.

Identifies errors, discrepancies, or areas of non-compliance.

Provides guidance to mitigate risks of penalties, fines, or audits by the FTA.

Purpose:

The audit helps businesses maintain VAT compliance, minimize tax risks, and demonstrate adherence to UAE tax regulations, ensuring smooth operations and regulatory confidence.