A fast-growing retail business in Dubai with annual turnover exceeding AED 2 million had been operating without a formal audit or VAT compliance structure for over two years. Facing an upcoming FTA review, the owner reached out to Finvest Consulting with urgent need for both an independent audit and tax regularisation.
Finvest's team conducted a complete financial audit, identified AED 180,000 in previously unclaimed VAT input credits, and submitted a voluntary disclosure to the FTA to correct historical errors — significantly reducing the client's penalty exposure. We then registered the business for VAT and Corporate Tax, restructured their bookkeeping system, and enrolled them in our Core Accounting Package for ongoing support.
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