With tax evasion a global issue, tax authorities everywhere are tightening their scrutiny of business practices. VAT audits can lead to complex, time-consuming and expensive disputes. Key decision makers need to understand exactly how and where VAT applies to their operations and feel comfortable about compliance before the tax authority comes visiting. For businesses in Saudi Arabia, Keypoint’s highly skilled tax team, with experience of working with (and within) tax authorities, can perform mock audits to identify and help to correct VAT errors.
These tax tips are designed to help businesses caught in the audit process. If your business is being assessed by ZATCA, our team can work with your finance and taxation teams to minimise disputes, advise you on your options and suggest the most cost-effective response. Please download our flyer or contact a member of our team for more details.