How can Businesses Prepare for Corporate Tax Audits in Dubai?
After the introduction of corporate taxation in the UAE on June 1, 2023, business owners should ensure they are ready for audits from authorities such as the Federal Tax Authority (FTA). Under Ministerial Decree No 82 from 2023 specific firms must file audited financial statements in accordance with new tax legislation for corporations. Companies looking to avoid fines and ensure an efficient audit process should take proactive measures in their preparation efforts for tax audit. Here are a few key steps that will help prepare yourself for an audit in Dubai. You should consider corporate tax advice and for this…