Verify the Integrity of VAT
All businesses earning above a certain threshold in the UAE are required to pay Value Added Tax (VAT). Businesses that fail to comply with the tax laws in the Emirates may be faced with consequences such as penalties, fines, or mandatory closure of the business. Therefore, it is essential to conduct frequent VAT integrity checks and internal audits.
VAT integrity checks conducted by an expert tax consultant in Dubai will involve assessing your current tax position. This way, the tax agent will be able to see whether your business is compliant with the VAT laws, or whether there are areas to improve before an external audit occurs.
An internal audit involves hiring a tax agent or consultant to monitor and analyze the current tax position of your business. This way, any deficiencies in the integrity of VAT payment can be identified and rectified.
VAT integrity can be verified by ensuring that your business complies with tax laws and regulations by paying tax timely and accurately and avoiding fraud. 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). An expert tax agent in UAE can help to verify the integrity of your VAT. Contact us here at Forever Rich UAE to get started!
To ensure that you do not unknowingly become involved in tax fraud, and to avoid penalties or negative consequences from the FTA, it is important to perform regular VAT integrity checks. Here at Forever Rich UAE, our specialized tax consultants will analyze your financials and perform thorough VAT integrity checks to guarantee tax compliance for your business.
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 and perform a complete integrity check to ensure that you are in compliance with the Federal Tax Authority (FTA).
(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.