An examination of the information and figures shown by a taxpayer in their tax returns against those shown in their business records is called revenue audit. A company ought to prepare all books and records related to the tax for the period of the audit. These must be presented to the auditors for scrutinizing purposes on the first day of audit. Generally, auditors in UAE check the returns of income over a one-year period. Nonetheless, they may also review the records for earlier years on the off chance that they notice any inconsistencies.
