VAT audit services
VAT Audit, due diligence or Health Checks are an entire analysis of the organization’s overall VAT readiness and compliance methods. The report identifies and communicates any major deficiencies in the VAT milieu, including transaction checking. With the guidance of these reviews, the organization can validate their VAT treatments for proper accountability in business transactions, while also ensuring the accuracy of the information reported to the Federal Tax Authority. This also heads to the removal of any double-payment of Value Added Tax, or the possibility of undercharging the end-user, further benefiting the organization.
VAT Audit, Due diligence or Health Check Services uncomplicated the identification of transaction flow and assists in authenticating the financial records of the company.
How can RVG Accountants as your VAT Consultant in UAE help prepare for VAT Audit?
We, RVG Chartered Accountants Group have been in the tax forefront as VAT Consultants in the UAE since inception.
We’ve assisted efficiently a wide spectrum of clients from different industries in the UAE to manage their taxable transactions by complying with VAT laws, advising on transactions and practically resolving the issues.
Our Tax Experts ensure that the businesses comply with the rules and regulations so that there are no overpayments made and Input Credit is taken correctly on time.
YEARS OF EXPERIENCE
CASES EVERY YEAR
How to be prepared for an audit?
As the Federal Tax Authority (FTA) in the UAE conducts VAT audit of the companies, it is important to be meticulous with the VAT reports to avoid non-compliance penalties. RVG Chartered Accountant – UAE delivers VAT Audit/VAT Audit services to enable clients in the UAE to face VAT audit with accurate financial and VAT records. We make sure that our purchasers meet all the VAT audit needs.
A VAT audit is an assessment program run by a government under which it examines a company on the basis of their responsibility as a taxable entity. This audit is entirely conducted by the Federal Tax Authority (FTA) in order to make sure every liability is paid and all the due VAT is collected and further submitted to the government with the given period of time.
Review of the VAT system
Review of Calculations VAT
Review of VAT returns
Review of payment of Tax Due
Why Choose RVG Chartered Accountants as VAT Consultant in the UAE?
- Review, Identify and Solve issues.
- Dedicated Guidance and Support for VAT by well-experienced professionals.
- Hard Work compiled with Smart Work.
- Quality Work Assured with Timely Support.
- Happy Clienteles.
Benefits VAT Audit Review in Your Organization
- Federal Tax Authority, the ultimate constitution responsible for collection and management of federal taxes is renowned inefficiently deterring non-compliance from the part of taxpayers.
- Various laws and regulations issued by Ministry levy severe penalties,and other monetary penalties if a registrant is found guilty of non-compliance.
- A Tax Audit review purposes in finding out disparities in your organizational in VAT policies and appropriate procedures as per UAE tax laws. It is prudent to say that Tax Audit review is rather a necessity than an option since it’ll reinforce your organization to face a Tax Audit.
- Tax Audit review will assist you in understanding the causes of non-compliance and address them for the past and the future. It will help you in identifying the areas which require rectification while assuring the accuracy of taxes actually remitted.