About Tax Audit
As a business owner or a professional, navigating the complexities of income tax regulations can be challenging. At Expert House Chartered Accountants, we understand the importance of timely and accurate tax compliance. Our specialized Tax Audit services are designed to help you meet your statutory obligations, minimize risks, and gain a clearer picture of your financial health
A tax audit is an official examination of a company's tax records and financial affairs by the Federal Tax Authority (FTA). The purpose of an audit is to verify that a business has correctly calculated and paid its tax liabilities in accordance with UAE tax laws and procedures.
Different types of Tax Audit
Corporate Tax: To ensure compliance with the UAE Corporate Tax Law.
VAT: To verify the accuracy of VAT returns, including input tax claims and output tax calculations.
Excise Tax: To review compliance with excise tax regulations.
With the introduction of Corporate Tax in the UAE, tax audits have become even more critical. Corporate Tax is an official review by the FTA to verify that your business has accurately calculated its taxable income, applied the correct deductions and exemptions, and paid its tax liability in full. For certain entities, such as Qualifying Free Zone Persons or businesses with an annual revenue exceeding AED 50 million, maintaining professionally audited financial statements is a mandatory requirement under the law.
How Expert House Chartered Accountants Can Help You
Proactive Tax Health Checks and Preparation:
We don't wait for an audit notice. Our team conducts a detailed review of your books, records, and internal controls to identify potential risks and address them proactively.
Expert Representation During the Audit:
If your business is selected for an audit, our experts can act as your authorized tax agents, handling all communication with the FTA.
Remediation and Dispute Resolution:
In the event of an unfavorable audit finding, we can assist you with Preparing and submitting voluntary disclosures and Filing reconsideration requests or appeals against a tax assessment or penalty.
Our team at Expert House Chartered Accountants is equipped with the knowledge and expertise to ensure your corporate tax filings are robust, accurate, and fully compliant, preparing you for any potential scrutiny from the Federal Tax Authority.
