Important Information for Business Owners Regarding FTA VAT Audit

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A VAT audit that is ordered by the Federal Tax Authority occurs when there are potential errors that are uncovered in the tax return submitted by a VAT-registered business in UAE. Typically, the tax authority will schedule an audit for a tax return that was filed from the past five years. For substantial errors, FTA can go further back. There are a couple of factors which can trigger the tax authority in the country to order a VAT audit.