Compliance with the Federal Tax Authority
Businesses that are registered to pay Value Added Tax (VAT) in the UAE may be audited by the Federal Tax Authority (FTA) at any time to determine their tax compliance. Therefore, it is extremely important for all businesses to maintain compliance by ensuring that every liability is paid and every tax due is collected and paid to the UAE government within stipulated timeframes.
Tax Audit is an examination of liability of a taxable person by the Federal Tax Authority to determine the tax compliance of a business. Tax audits may be performed by auditors visiting the business location, or by requesting the business to provide certain documents. In any case, you should always be prepared to pass a tax audit with Forever Rich UAE!
The Best Tax and Financial Services in Dubai
Here at Forever Rich UAE, we are experts in accounting, bookkeeping, financial, and tax services. We want to help you maintain an excellent financial standing. We will assess your current tax position and help you guarantee tax compliance for your business.
A tax audit can be defined as a government’s assessment of a company about their responsibility as a taxable entity. In the UAE, a tax audit involves the Federal Tax Authority (FTA) reviewing a businesses tax compliance. Tax audits can be performed at random, and there does not need to be a reason for the FTA to select any business to conduct the audit.
A business can remain tax compliant by ensuring that they comply with tax laws and regulations by paying tax timely and accurately. This involves paying all VAT taxes in a timely manner, submitting tax returns and other necessary documents, and paying all liabilities to the Federal Tax Authority (FTA). At Forever Rich UAE, our expert tax agents will make sure you always remain tax compliant!
A tax compliance review involves assessing your businesses current tax position to check whether all tax laws and duties are being followed. It includes identifying areas where your business may be lacking in compliance and taking measures to improve your overall tax position. An expert tax consultant in Dubai can help you review your tax compliance to avoid any issues with the FTA.
Here at Forever Rich UAE, we strive to help businesses in the UAE maintain the best financial and tax standings. We will thoroughly review your tax position to determine whether you are compliant with the FTA. In addition, we will offer our expertise to ensure that you maintain tax compliance and avoid blowback from the Federal Tax Authority.
(Tax Agency Number: 30004980) in accordance with the Federal Law No. (7) of 2017 on Tax Procedures in the UAE which describes the appointment of a Tax Agent, & a Tax Agent’s registration procedure & conditions that must be fulfilled for registering a Tax Agent in the Register.
Contact us today for help on all of your VAT registration and de-registration needs!
Discover how easy it is to get started with us at Forever Rich UAE, and how quickly you can improve your financial position!
We have a wealth of experience across a variety of sectors. We understand the inner workings of your industry and can help overcome what’s holding you back.