VAT Inspection Preparation Dubai: Reconciliation Evidence Guide

Why FTA Inspections Require Reconciliation Evidence

Dubai's FTA (Federal Tax Authority) conducts regular VAT inspections to verify:

• Transaction Accuracy: All sales and purchases are properly recorded
• VAT Calculations: Correct VAT amounts and rates applied
• Payment Reconciliation: Sales match actual payments received
• Compliance Documentation: Complete audit trail of financial transactions

Common VAT Inspection Failures

Most UAE businesses struggle with VAT inspections due to:

• Missing Documentation: Incomplete reconciliation records
• Manual Processes: Time-consuming evidence preparation
• Data Inconsistencies: Mismatched payment and sales records
• Late Preparation: Scrambling for evidence during inspection

ReconcileOS VAT Inspection Solution

Generate FTA-compliant reconciliation evidence in minutes:

1. Instant Evidence Generation

Create comprehensive reports including:

• Complete transaction reconciliation reports
• VAT calculation summaries and breakdowns
• Payment matching documentation
• Audit trail and compliance certificates

2. FTA Compliance Features

Meet all FTA requirements:

• UAE VAT rate calculations (5% standard rate)
• Multi-currency support (AED and international)
• Export/import transaction handling
• Zero-rated and exempt transaction tracking

3. Real-Time Preparation

Always inspection-ready with:

• Continuous reconciliation monitoring
• Automated evidence generation
• Instant report availability
• Historical data access (up to 5 years)

Required FTA Documentation

ReconcileOS generates all necessary evidence:

• Sales Reconciliation: Sales records vs payment receipts
• Purchase Reconciliation: Purchase orders vs payment confirmations
• VAT Returns: Detailed VAT calculation reports
• Bank Reconciliation: Bank statements vs accounting records
• Payment Gateway Reports: PSP settlement reconciliation

ROI of Automated Preparation

UAE businesses using ReconcileOS see:

• 95% faster inspection preparation
• 100% compliance with FTA requirements
• Zero penalties from documentation issues
• Stress-free inspection experience

Implementation Timeline

Get inspection-ready in 3 steps:

1. Connect Systems (1 day): Integrate payment gateways and accounting software
2. Generate Reports (5 minutes): Create FTA-compliant reconciliation evidence
3. Stay Ready (Ongoing): Continuous monitoring and evidence generation

FTA Inspection Checklist

Ensure you have all required documentation:

• ✅ Complete sales reconciliation reports
• ✅ VAT calculation summaries
• ✅ Payment matching documentation
• ✅ Bank reconciliation statements
• ✅ Audit trail and compliance certificates

Transform your VAT inspection preparation from days to minutes with ReconcileOS.