VAT in UAE

  What is VAT Health Check? It is the responsibility of the taxpayer to make sure that everything is in line with  FTA (Federal Tax Authority)   rules and regulations. A VAT health check is a type of VAT audit to identify the errors in the VAT by reviewing and analyzing the previously filed VAT returns and VAT refunds. The VAT health check enables a business to identify any mistakes in the VAT and make corrections to them before getting a penalty from FTA. It is the responsibility of the business to follow the rules and guidelines of FTA while handling VAT. FTA officials are conducting a VAT audit regularly of different companies in the UAE. If the FTA auditors find out an error or mistake in your VAT, they will impose VAT fines on your business.   Check VAT Health                Why is VAT Health Check is Important? The  VAT health check  provides an opportunity to review your current practices and brings issues to l...