If the FTA notifies you of a tax audit, what are the first 5 things to prepare?
If the FTA notifies you of a tax audit, what are the first 5 things to prepare?
First: the general ledger and financial statements for the audited period, matching exactly what you actually filed. Second: every tax invoice issued and received for that period, organized and easy to retrieve — not scattered across different folders. Third: supporting documents for any zero-rating or exemption you applied (export documentation if you zero-rated an export, or contracts showing your activity qualifies for a specific exemption).
Fourth: the bank reconciliation records for the period, to prove cash movement matches recorded revenue. Fifth: any prior correspondence with the FTA (clarification requests, earlier corrections) related to the same period. At RASEEKH, we prepare your full audit file well ahead of the scheduled date, and sit with you through the audit itself so every response is accurate and direct.