In the changing world of tax, Pakistani-owned businesses may sometimes find mistakes in their UAE tax filings that need to be fixed. The Federal Tax Authority (FTA) in the UAE has a way to correct these mistakes through a Voluntary Disclosure. At Flying Colour Tax Consultant LLC, we offer Voluntary Disclosure Services to help your business handle this process well, stay compliant, and lower any penalties.
Comprehensive VAT solutions tailored to your business needs
Voluntary Disclosure is a way for businesses in the UAE to tell the FTA about mistakes or things they missed in their tax returns. This lets taxpayers, including Pakistani-owned companies, fix their mistakes before the FTA finds them in an audit. By sending in a Voluntary Disclosure, your business shows it wants to be compliant, which can help lower or even get rid of penalties you might have had to pay.
Our Voluntary Disclosure services start with a complete review of your UAE company's tax filings and financial records. Our team looks at your VAT returns and any related documents to find any mistakes or areas that need to be fixed.
We work closely with your team, whether they are in Pakistan or the UAE, to find the exact problems that need a Voluntary Disclosure. This could be things like not reporting enough income, claiming too many expenses, or other mistakes that can affect your tax. Our goal is to find and fix all the problems.
Once we find the issues, we prepare the Voluntary Disclosure application to send to the FTA. Our team makes sure all the needed information is presented correctly, with a clear explanation of the mistakes and the proposed fixes. We check the application to make sure it follows all FTA rules.
We manage the entire process of sending in your Voluntary Disclosure application, making sure it is filed correctly and on time with the FTA. Our knowledge of the FTA's rules helps us handle any challenges and makes the process smooth for our Pakistani clients.
After we send the application, we follow up with the FTA to check on the status of your Voluntary Disclosure. Our team is ready to answer any questions from the FTA to make sure the process is quick and clear.
Once your Voluntary Disclosure is approved, we will guide you on any changes you need to make to your ongoing tax process. Our team will help your Pakistani-owned business make these changes so that your future filings are correct and compliant, which will lower the risk of future mistakes.
Our team has deep knowledge of UAE tax laws and the Voluntary Disclosure process, so we can make sure the submissions for your Pakistani-owned business are accurate and compliant.
We handle everything from start to finish in the Voluntary Disclosure process. This lets your team in Pakistan focus on your main business while we manage the compliance issue.
Our services are made to fit your business's needs. This makes sure that any problems are fixed and your ongoing compliance in the UAE is supported.
We offer ongoing support and advice to help your business stay compliant with changing tax rules and practices and to prevent future mistakes.
Contact Flying Colour Tax Consultant LLC today to learn more about our Voluntary Disclosure services and how we can assist your business in rectifying tax discrepancies while ensuring compliance with UAE regulations.