Just last week, a business owner came to us confident that their accounts were in order. But when we reviewed their books, we discovered VAT had been claimed on ineligible expenses — a mistake that could have triggered penalties and unnecessary costs.
With the September 30 Corporate Tax deadline less than a month away, and the AED 10,000 penalty waiver ending on July 31, there’s no safety net left. Now, more than ever, clean and accurate books are critical.
Why Clean Books Matter
Accurate tax filings start with clear, well-organized records. When your books are clean, you:
- Protect yourself during audits by ensuring every transaction is documented.
- Avoid overpaying taxes by claiming only eligible expenses.
- Maximize VAT recovery, just like a recent client who saved AED 15,000 when we reclassified their expenses correctly.
The True Cost of Non-Compliance
The penalties for late or incorrect filing are steep:
- AED 10,000 fine for late submission.
- Additional interest charges and audit triggers if your reports contain errors.
- Stress, wasted time, and disruption to your operations as you scramble to fix issues at the last minute.
Case Study: From Chaos to Compliance
One client came to us with a year’s worth of unreconciled bank statements. Their accounts were incomplete, and VAT entries were incorrect. Within 10 days, our team:
- Organized their supporting documents,
- Reconciled every account,
- Corrected VAT entries,
allowing them to file on time and even recover missed claims.
Steps to Get Compliant Now
If your books aren’t ready yet, act fast. Here’s what to do:
- Gather receipts, invoices, and bank statements.
- Reconcile accounts so every transaction matches.
- Check VAT eligibility carefully.
- Have a professional review your records.
- Move quickly — delays only increase your risk.
Final Word
September 30 is your last chance to file Corporate Tax without facing penalties. Don’t let poor bookkeeping cost your business.
At Vista UAE, we specialize in turning messy records into accurate, compliant financials — helping you file on time and with confidence.
📞 +971 50 312 7668
📩 contact@vista-uae.com