A tax audit is basically a government’s assessment of a company about their responsibility as a taxable entity. This kind of audit is conducted by the FTA.
The UAE Cabinet of ministers issued the eligibility to recover the input VAT incurred for the construction and operation of mosques will come into effect from October 29, 2022.
Many small businesses find it challenging to hire an accountant. Nowadays, it is even more challenging to find a qualified and eligible person at an affordable rate.
The intent of Excise Tax is to reduce consumption of these commodities while also raising revenues for the government that can be spent on public services.
Especially in cases of limited liability companies on the UAE mainland and in circumstances where express authority for a particular ‘position’ is not specified