VAT Audit & Review (Health Check)
Federal Tax Authority (FTA) can perform a tax audit on tax registrants to determine their compliance with the provisions of the relevant laws. Therefore, it is important for all registrant to be accurate with VAT fillings and ensure compliance to avoid penalties and prepare for a potential tax audit. One of the best ways to prepare for this is to perform a Tax Health Check to examine key areas of Tax Compliance and the controls thereon.
The scope of work for a VAT health check generally includes:
- POS System Integration
- Cashflow Management
- Bank & Vendor Reconciliations
- Inventory Management
- Managing Import & Export Transactions
- VAT Compliance
- Automate Key Functions & Reduce Manual Data Entry
- Automate Key Functions & Reduce Manual Data Entry
The tax professionals at JRB are highly experienced in providing Tax Health Checks that bring together our knowledge and experience in taxation and related internal controls.