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VAT Audit Services

Ensure that your Value Added Tax (VAT) payments are submitted on time to avoid penalties and maintain compliance.
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VAT Audit Services in UAE

Under the VAT laws in the UAE, businesses must adhere to various VAT requirements, including maintaining relevant records, paying VAT liabilities, and filing VAT returns. Additionally, they must comply with VAT audits in the UAE.

The Ministry’s Tax Procedures Law defines the enforcement protocols established by the Federal Tax Authority (FTA). VAT audits are a critical part of these enforcement measures, ensuring that businesses, especially VAT registrants, comply with VAT regulations and prevent tax evasion.

With frequent VAT audits conducted by the FTA, it is essential to keep your VAT records in order. This means maintaining accurate accounting and documentation throughout the year. VAT audits enable the FTA to assess your business’s readiness and compliance with UAE VAT laws.

At Litrix Business Solutions, we provide expert VAT audit services to help you navigate FTA audits effectively and efficiently. Our team reviews your VAT records, past returns, VAT calculations, and other documentation to ensure compliance. By understanding your business’s specific needs, we prepare comprehensive VAT audit reports that clearly outline your compliance with VAT regulations in the UAE.

VAT audit consultants in UAE

Litrix Business Solutions is a trusted provider of VAT audit services in the UAE. We support businesses in ensuring compliance with VAT requirements and maintaining accurate transaction records. Our services cover all stages of the VAT audit process, including pre-audit, during the audit, and post-audit support.

Our pre- and post-audit services help identify potential areas of non-compliance or risks. Based on our thorough analysis, we offer tailored recommendations to address any issues before the FTA conducts their audit.

What is a VAT audit?

Litrix Business Solutions is a premier provider of VAT audit services in the UAE, helping businesses stay compliant with VAT regulations and maintain accurate transaction records. We offer comprehensive support throughout the entire audit process, from pre-audit preparation to post-audit follow-up.

Our pre- and post-audit services are designed to identify potential non-compliance issues or risks. After reviewing your VAT records, we provide actionable recommendations to address any concerns before the FTA conducts an audit.

The FTA conducts regular reviews of businesses’ records to ensure compliance with VAT regulations. If any discrepancies or non-compliance are identified, the FTA will impose penalties and fines. These reviews, known as VAT audits, assess a business’s adherence to UAE VAT laws and verify that all VAT liabilities are accurately reported and settled.

How to do VAT audits?

The FTA conducts VAT audits in the UAE through a team of experienced tax professionals who have the authority to carry out audits at any time during the year. During these audits, FTA auditors review the business’s tax returns, supporting documentation, and other relevant VAT information. If any discrepancies or issues are found, the entity will be notified.

The entity must then correct the errors, update the documentation, and ensure full compliance with VAT regulations. In some cases, the FTA may request a re-audit to confirm that the necessary corrections have been made. As a result, businesses must ensure that any outstanding liabilities are settled, payments are made to the government, and all records are kept accurate and up-to-date.

Our VAT audit services in UAE

Our VAT audit services are designed to thoroughly assess your business’s VAT compliance by identifying key issues in areas such as transaction recording, account management, and activity verification. We conduct a detailed review of your financial records and VAT-related processes, then compile a comprehensive VAT audit report to support your business during FTA VAT audits in the UAE.

Our expert services cover a complete examination of the following:

– Accounting and bookkeeping records
– VAT collection processes
– VAT payments and remittances
– Input tax claims
– VAT return submissions

We carefully analyze both digital and physical documents related to your sales and purchases, alongside your accounting books, to ensure all VAT-related information is accurate and compliant. This thorough evaluation ensures that your business is well-prepared for any VAT audit by the FTA, providing peace of mind and instilling confidence in the accuracy of your VAT collection and remittance practices. With our pre-audit support, you can approach official VAT audits fully prepared and confident in your compliance.

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We are approved auditors that can be counted on for all your audit requirements.

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We help set up your company the right way so it can be scaled up or down with ease.

OUR VAT SERVICES INCLUDE THE FOLLOWINGS:

VAT Solutions
VAT FAQs
VAT Returns Filing
VAT Consultants
VAT Fines
VAT De-Registration
VAT Implementation
VAT Assessment and Appeals
VAT Refund Assistance
VAT Overview

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To date we are providing Accounting Services for more than 250 clients
across the UAE in Trading, Construction, Real estate, Healthcare,
Logistics and other services.
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+971 55 270 1475