VAT Health Check
VAT Health Check
During the COVID-19 epidemic, businesses worldwide have been particularly concerned about the loss of revenue and income streams. For maximum recovery, businesses must therefore completely restructure their tax infrastructure. Additionally, taxpayers have the ideal opportunity to get ready for the audit by taking advantage of this outbreak.
In order to prevent penalties for non-compliance, the Federal Tax Authority (FTA) performs annual audits to ascertain compliance with the provisions of the applicable legislation. Accurate VAT returns and other statutory requirements are crucial.
Conducting a Tax Health Check to identify the important areas of tax compliance is one of the greatest methods to get ready for an FTA audit. A high-level health check could identify important compliance and tax areas that need greater care.
Our tax experts at GST Corporate Services have extensive expertise and experience in internal controls and taxation, making them adept at performing Tax Health Checks. These health examinations will help clients get ready for an FTA audit by helping them take any essential remedial action that may be required during this pandemic. Additionally, we make sure that all records needed for the audits are easily accessible and updated on a regular basis.
In order to prevent penalties for non-compliance, the Federal Tax Authority (FTA) performs annual audits to ascertain compliance with the provisions of the applicable legislation. Accurate VAT returns and other statutory requirements are crucial.
Conducting a Tax Health Check to identify the important areas of tax compliance is one of the greatest methods to get ready for an FTA audit. A high-level health check could identify important compliance and tax areas that need greater care.
Our tax experts at GST Corporate Services have extensive expertise and experience in internal controls and taxation, making them adept at performing Tax Health Checks. These health examinations will help clients get ready for an FTA audit by helping them take any essential remedial action that may be required during this pandemic. Additionally, we make sure that all records needed for the audits are easily accessible and updated on a regular basis.
Our Services
Taxation
Match your establishment goals with your tax tactics. Our tax professionals in the United Arab Emirates provide comprehensive, integrated support in a range of tax areas.
Audit & Assurance
Companies are always expected to be up to date with the rapidly changing technical landscape and regulatory requirements. The audit landscape has seen substantial changes throughout the years
Legal Advisory
The GST Legal Consulting team is knowledgeable about the latest and intricate changes to corporate and commercial laws as well as regulatory compliances in the United Arab Emirates.
Business Setup
Establishing and closing a business successfully in the United Arab Emirates involves a multifaceted process. To facilitate legal proceedings and paperworkone needs a solid project management background
What is it we can do to support you?
As the world changes quickly, stay one step ahead of it and work with us to create a sustainable future.