The Federal Tax Authority (FTA) can conduct an unannounced audit at any time, making it crucial for businesses to stay prepared. An unprepared business risks being found non-compliant, which can lead to penalties and fines.
At Eslam Elgendy, our team of federal tax experts helps businesses from various sectors understand FTA expectations and requirements. We ensure you remain compliant and meet all conditions well before the FTA arrives for an unannounced audit.
Our services include analyzing your documents, financial transactions, and reviewing past returns to identify any potential issues that could negatively affect your audit. With our extensive experience in assisting businesses across the UAE, we provide top-notch support, ensuring you’re well-prepared for any FTA audit.
With Eslam Elgendy by your side, you won’t have to worry about FTA audits again.
ESLAM ELGENDY
An FTA tax audit is a thorough review of submitted tax documents to verify that the declared taxes align with UAE tax legislation. For self-assessment taxes like VAT, taxpayers are responsible for declaring the amount of tax payable.
The Federal Tax Authority (FTA) conducts audits to ensure businesses have paid their dues on time and comply with all relevant laws and regulations. These audits help maintain transparency and accuracy in the UAE’s tax system.
While the FTA can audit any tax entity in the UAE at any time, regardless of specific actions, certain factors may increase the likelihood of being targeted. Though an audit may occur without any direct cause, the following factors can potentially prompt an FTA audit:
To minimize errors, it is highly recommended to engage tax professionals from a trusted firm like Eslam Elgendy. Our consultancy firm will assist in reviewing past returns, correcting mistakes, and ensuring that all documentation is properly prepared to meet FTA laws and regulations.
Non-compliance during FTA audits can result in penalties of up to 50% for identified issues. That’s why thorough preparation is essential before any FTA involvement. We help you stay ahead by assisting with proactive measures to safeguard your business from costly penalties.
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7869+JCF – Al Maktoum Rd – Deira – Riggat Al Buteen – Dubai
Call us: (+971) 556604347
Mail: info@eslamelgendy.com
Mon – Sat: 8.00am – 18.00pm / Holiday : Closed
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