Vat Audit

A VAT (Value-Added Tax) audit is conducted by the Federal Tax Authority (FTA) to ensure that a company or taxable person is compliant with VAT laws and regulations. It involves a thorough investigation of the company’s business operations, financial records, and VAT-related obligations to verify that VAT has been correctly reported, collected, and paid.

Bazaar Accounting & Management Advisors LLC is a registered Tax Agent with the Federal Tax Authority and can support and keep the organization ready for VAT Audit. Internal VAT audits / VAT Health checkups on regular intervals are crucial for companies to verify their ongoing compliance with VAT regulations and to safeguard themselves in the event of an official audit. The team at BAM Advisors will support in conducting a comprehensive analysis which will not only identify potential risk areas and compliance gaps but also provides a detailed report with actionable recommendations to strengthen VAT processes and mitigate future issues.