FTA tax audit process

Before the VAT audit, FTA sends a notification to taxpayers at least five days in advance. Taxpayers must keep all VAT returns documents as well as other supporting evidence. Moreover, the employees responsible for accounting and taxation records must also be present to facilitate the audit process. These records include:

• Supply invoices as well as receipts
• Tax invoices from suppliers and related documents
• Tax credit notes
• Documents showing the proof of imports and exports
• Customs declarations
• Non-deducted input tax records

Tax auditors need all these documents for assessment. They keep an eye on all the discrepancies in payments, receipts, as well as documentation of all VAT-specific transactions. Therefore, any suspicious information or missing data is listed and rechecked for irregularities.

We have been a leading provider of VAT audit services since its implementation. With a dedicated team of tax experts & diverse experience of over 35 years, we have the right resources & expertise to provide outstanding VAT audit services in the Emirates. Along with coordinating with Tax Authorities throughout the audit, we provide the tax auditors with the relevant documents, records, data, and information about finances, stock inventory, & assets for a detailed examination. NR Doshi’s VAT experts prepare a VAT audit checklist to ensure a proper review following the UAE VAT law. Lastly, we have successfully represented the client from various industry verticals, thereby complying with FTA’s rules.