allianceca.ae

Vat Health Check
in Dubai

About Us

Alliance CA offers specialized VAT health check services in Dubai, ensuring businesses are fully compliant with the UAE’s Value-Added Tax (VAT) regulations as governed by the Federal Tax Authority (FTA). Recognizing the comprehensive impact of VAT across all aspects of a company, we tailor our approach to the unique needs of each business, considering their size and sector-specific challenges.

What is a VAT health check in UAE?

The onus of determining whether or not everything is in accordance with the FTA’s policies and guidelines rests squarely on the shoulders of the taxpayer. A VAT health check in UAE is a form of VAT audit that consists of evaluating and analysing previously submitted VAT returns and VAT reimbursements in order to discover potential problems and hazards associated with the VAT.
With the help of the VAT health check, a company is able to detect any errors that may have been made in the VAT and make the necessary adjustments before the FTA issues a penalty. When it comes to dealing with VAT, it is the obligation of businesses to follow the laws and guidelines established by the FTA.
Officials from the FTA are going around to various businesses in the UAE to perform VAT audits on a routine basis. If the auditors of the FTA discover an inaccuracy or miscalculation in your VAT, they will penalise your company with additional VAT fees.

Why Choose

Alliance CA

Alliance CA VAT health check in UAE includes the following:

  • Conduct an audit of your company’s internal financial statements, paperwork, VAT registers, and so on.

  • Conduct a thorough examination of your previously submitted tax returns to locate any ambiguous areas in which you invariably make mistakes.

  • Determine whether the values that were returned in accordance with the VAT paperwork are consistent with the financial data.

  • Conduct an investigation into whether or not you are making use of the VAT legislation in order to acquire appropriate credits or refunds for your company, and determine whether or not these are being claimed in the relevant returns.

  • Determine the areas in which you have the ability to plan for an appropriate VAT planning

  • Conduct a checkup on the upkeep of your VAT files’ accounting and recordkeeping, as well as the audit trail.

Frequently asked questions

External audits include financial statements audits, operational audits, and compliance audits.

A qualified audit report certifies financial statements reflect a true and fair view. An unqualified audit report states that the financial statements reflect a true and fair view without any limitations.

Businesses registered under the trade-free zones hold trade licenses that require annual financial statements to be audited at the time of renewal.

Yes, external auditors can rely on internal audits.

Internal auditors are hired by the firm as employees to oversee the accounting and auditing services required by a company on a day-to-day basis. External auditors are independent and are hired as consultants.

External auditors double-check the same records that internal auditors work on to ensure quality control of internal audits.