Accurate, Compliant, and Timely – VAT Audits Made Simple
VAT audit is the process through which the Federal Tax Authority of the UAE checks the business's record, returns, and documents thoroughly to assess that the business has been complying with all the tax regulations. The declaration provided by this business - regarding the supplies done, taxes paid, and the VAT refund claimed - is checked by the Federal Tax Authority. It helps in establishing whether the declared supplies, taxes paid, and VAT refunds are accurate. Thus, all tax liability is recovered within the stipulated time. Throughout the audit, the FTA could request specific business information to be verified against the VAT returns and other declarations made.
Read the full article on our website : https://www.bmsauditing.co...
VAT audit is the process through which the Federal Tax Authority of the UAE checks the business's record, returns, and documents thoroughly to assess that the business has been complying with all the tax regulations. The declaration provided by this business - regarding the supplies done, taxes paid, and the VAT refund claimed - is checked by the Federal Tax Authority. It helps in establishing whether the declared supplies, taxes paid, and VAT refunds are accurate. Thus, all tax liability is recovered within the stipulated time. Throughout the audit, the FTA could request specific business information to be verified against the VAT returns and other declarations made.
Read the full article on our website : https://www.bmsauditing.co...
09:54 AM - May 12, 2025 (UTC)