TAX Audit Services in Dubai
A Tax Audit is a compliance check conducted to verify the accuracy of a person's VAT liability by
examining their maintained records. It can be performed either at the taxable person's business
premises (known as a "field tax audit") or at the offices of the Federal Tax Authority (FTA). VAT is
a self-assessment tax, where the taxpayer determines the amount of tax payable and recoverable input
tax based on their supplies during a specific period and reports it to the FTA through VAT returns.
The tax audit process is employed by the FTA to assess the correctness of the self-assessed
declaration.
During a tax audit, if discrepancies are found resulting in underpayment of VAT or excessive
claiming of input VAT deduction, the FTA will issue an assessment notice requiring the taxpayer to
pay the outstanding VAT amount along with any applicable penalties. Falak Business Consultants (FBC)
offers professional tax auditing services to assist businesses in accurately assessing their tax
liability, reducing the risk of errors during the audit process, and ensuring compliance to avoid
penalties. With our expertise, we strive to provide comprehensive support and guidance to help
businesses navigate tax audits successfully.
