Stay ready, stay stress-free with proper audit preparation.
No business owner likes the word “audit,” but if you are operating in the UAE, being audit-ready is essential. The Federal Tax Authority (FTA) can audit your company to check if you’re complying with VAT and corporate tax laws.
Good news? Preparing for an audit is simple when you know what to do.
🔹 What is a Tax Audit?
A tax audit is when the FTA reviews your financial records to make sure your tax returns are correct and that you’ve followed all laws and procedures.
It can happen randomly or if the FTA notices irregularities in your filings.
🔹 How to Prepare for a Tax Audit
1. Keep Proper Financial Records
- Invoices, receipts, contracts, bank statements, and VAT returns must be properly saved for at least 5 years.
2. Ensure Accurate VAT Filing
- Make sure VAT collected and VAT paid are reported correctly in your returns.
3. Review Your Corporate Tax Calculations
- Confirm that your taxable profits are calculated according to FTA rules.
4. Respond Quickly to FTA Notices
- If the FTA sends a request, respond professionally and on time.
5. Work with a Registered Tax Agent
- A tax agent can guide you through the process and represent you during an audit if needed.
🏢 Why Choose DownTown Accounting?
At DownTown Accounting, we help businesses prepare for FTA audits by:
- Reviewing all financial documents
- Correcting any filing errors
- Managing communications with the FTA
- Providing audit representation if needed
📞 Call to Action
Worried About a Tax Audit?
Get your business audit-ready with help from our experts.
👉 [ Book a Free Consultation ]
