
Navigating the New Corporate Income Tax (CIT) Landscape in the UAE: Key Compliance Requirements and Audit Obligations
For businesses familiar with the stringent tax penalty regime in the UAE, the term “tax audit” often invokes feelings of fear, doubt, and anxiety. While these emotions are natural, understanding the dos and don’ts of navigating a tax audit can significantly influence how a business responds to the Federal Tax Authority (FTA) and, in turn, impact the outcome of the audit.