The Federal Tax Authority (FTA) in the UAE conducts regular audits to ensure businesses comply with VAT, Excise Tax and other tax laws. For Indian owned businesses, an audit can be a daunting process. At Flying Colour Tax Consultant LLC, we offer comprehensive FTA Audit Support and Representation Services to help your business navigate the audit process with confidence, compliance and protection of your interests.
Comprehensive VAT solutions tailored to your business needs
An FTA audit is a thorough examination of your UAE business’s tax records, transactions and compliance practices to verify compliance with UAE tax laws. For an Indian owned company, an audit can cover various aspects of tax compliance including VAT, Excise Tax and other obligations. Preparing for an audit requires meticulous attention to detail and thorough documentation to avoid potential penalties or legal issues.
Our FTA audit support begins with a thorough pre audit review of your UAE company’s records. We ensure all financial statements, VAT returns, invoices and other documents are accurate, organized and compliant with FTA requirements. This pre audit preparation reduces the risk of discrepancies during the audit.
We review and reconcile your tax filings, invoices and financial records to identify and resolve any discrepancies before the FTA audit. Our team ensures all entries are accurate and your documents are in line with FTA regulations.
During the FTA audit process we represent your business to answer questions, clarify issues and provide documents on your behalf. Our team ensures the audit process is smooth and advocates for the interests of your Indian owned business and minimizes disruption to your operations.
We handle all communication with FTA throughout the audit process and keep your management team in India informed at every stage. Our team acts as a liaison between your business and FTA to ensure prompt response to any queries and transparency.
If the audit identifies any issues or discrepancies we work with you to resolve these findings. Our experts guide you on the corrective actions including adjustments to your tax filings or record keeping practices to ensure full compliance going forward
After the audit is completed we provide ongoing support to help your business implement the FTA’s recommendations and strengthen your tax compliance practices. Our team assists in improving internal processes, record keeping and reporting to reduce the risk of future audit issues.
Our team’s expertise in UAE tax laws and FTA audit procedures ensures complete and accurate support for your Indian owned business throughout the audit process.
We manage the entire FTA audit process from pre audit preparation to post audit compliance to minimize disruption to your business in the UAE.
We help you to address potential issues before they become problems, protect your business from FTA liabilities and penalties.
Our team is your dedicated representative in the UAE, advocating for your business interests and giving you peace of mind to your management team in India throughout the FTA audit.
Connect with Flying Colour Tax Consultant LLC today to explore our specialized VAT Due Diligence services for Indian investors. Our expert analysis can help you identify and mitigate potential tax risks, significantly enhancing your VAT compliance framework. Partner with us to gain the clarity and assurance needed for confident business operations in the UAE.