MBG recommends that businesses should must prepare for an official FTA audit in 2022. It can happen whenever the FTA decides with five days issued notice.
MBG Corporate Services UAE and Khaleej Times are going to organize a webinar titled, ‘Changing Landscape of Tax Compliances & Audit frameworks in United Arab Emirates’ on January 26th, 2022.
January 2022 marks four years since the VAT(value-added tax) was implemented in the UAE. The FTA (Federal Tax Authority) is increasingly introducing measures that affect how businesses should manage and deal with their data and maintain their records.
MBG recommends that businesses should must prepare for an official FTA audit in 2022. There will be no need to give a specific reason for the FTA to conduct an audit of any company. It can happen whenever the FTA decides with five days issued notice.
Hosted and moderated by Sandhya D’Mello, senior business reporter at Khaleej Times, the webinar will be having experts from MBG Corporate Services — Vipin Ahuja, associate partner; Deepak Variyan; associate director; and Laila Aziki, tax agent. The panel will be focusing on topics like recent tax legislative changes, tax audit framework, probable factors for tax audit selection, FTA tax audit process, common mistakes in VAT return filing & VD submission, significant Impact of administrative Penalties (before & after audit) and analysis before commencing the tax Audit by the FTA and appeal process.
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