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A tax Audit is an examination of the liability of a taxable person by the Federal Tax Authority. A tax audit is conducted by the authority to check whether the tax liability is paid within the due date and whether such liabilities are properly arrived as per the provisions of the relevant laws such as UAE VAT law, UAE Excise Tax law, etc. The Tax Auditor may do the tax audit either by visiting the taxable person's location or by asking for certain documents to submit to the authority for a tax audit. It is the responsibility of a taxable person to comply with the requirements of the provision of the tax laws.

 

At elevate, we prepare the Liquidator's report prepared by a Professional Auditor. This report is known as No Liability Letter, Liquidator's Letter. For company Liquidation services in Dubai (UAE)/ Company Closure, first, we issue one Appointment of Liquidator's Letter to intimate the Licensing Authority followed by a final Liquidator's report after thorough verification of all possible liabilities of any company.

 

We issue this Liquidator's letter/ No Liability letter by completely verifying the liabilities of the company. Need to be changed, Elevate is one of the trusted Liquidators in Dubai. Understanding the complexity of Business/Company Liquidation in Dubai (UAE), Elevate also takes care of the complete Liquidation process. Liquidating a company takes more effort than starting a new company.

 

In UAE there are two types of Liquidation:

 

  Voluntary Liquidation- when the business owners are not interested to run the business or unable to run the business. They jointly take a decision to move out of business.

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Mandatory Liquidation- in this case, the Licensing authority or UAE court orders to liquidate of the company when the company does something wrong which is not permitted in their line of business.