VAT Compliance Mistakes Businesses Make in the UAE

Author: CA Sachin R. Paniya | Category: VAT Consultancy

The Federal Tax Authority (FTA) is strict regarding VAT compliance, and penalties for errors can accumulate significantly.

Top Mistakes to Avoid

1. Late Filing and Payment penalties.
2. Incorrect Tax Invoices missing TRN or required tax formatting.
3. Claiming Non-Recoverable Input Tax on blocked expenses like entertainment.
4. Mathematical calculation errors in return submission.