VAT Health Check: VAT is a complex tax affecting every aspect of your business in the UAE and the worldwide market. As a self-assessing tax, it is the responsibility of the taxpayer to ensure they are accounting for the right amount of tax and at the right time. FTA carry out VAT inspections or audits at varying intervals. If they identify errors, the company shall be subjected to penal provisions including levy of tax, interest and fines.
The main purpose of a VAT Health Check is to ensure that as a business your handling of VAT is in line with current VAT laws and regulations.
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