What is a VAT Health check in UAE?
A VAT health check is an independent review of your VAT records, returns, refunds and processes to find errors before the Federal Tax Authority does. NR Doshi & Partners’ tax team reviews your invoices, VAT calculations and filings, quantifies any exposure and gives you a clear action plan, so you go into an FTA audit prepared.
Businesses of varying sizes & operations must deal with unique taxation-related complexities from time to time.
Since VAT is a new concept in UAE, businesses will take time to understand its nuances.
Having said that, businesses must conduct frequent VAT number checks in the UAE to avoid penalties & ensure compliance with UAE’s VAT laws. Such checks ensure businesses align with FTA’s expectations regarding VAT laws in the UAE.