VAT Audit Services

“A VAT audit is the life boat of the company’s sailing ship. It saves the company from facing penalties, extra costs and fine.”

• VAT audit has a great role in risk assessment and management as the VAT professionals will review all the company’s accounts and verify that it is being reported and submitted correctly hence reduce the factors that could increase the chances of receiving an audit notice and minimize future problems.
• GLT VAT audit services ensure that fiscal documents are submitted in compliance with the current regulations in force. In addition, our team’s core task is to examine the company’s accounts and review all fiscal support documents (purchase and sales invoices, import and export documents…) in order to identify the purchases and sales flows and check their compatibility.

VAT Audit services

GLT provides tax accounting auditing service for the companies in Dubai, Sharjah, Abu Dhabi and all over the UAE which has been notified by the FTA by the date of tax auditing, including:

1.  Review and audit all tax invoices for the audit period and confirm its compliance with the Tax Law.
2.  Review all purchased tax invoice and confirm eligibility for tax return and avoiding those not eligible.
3.  Review the reconciliation of the company bank account and review to confirm all sub supply of goods and services that are invoiced with tax.
4.  Review, stores and inventory to confirm movement of stock according to Tax Law.
5.  Preparation of tax audit and follow up audit procedures with FTA