VAT Audit is a procedure in which the National Bureau of Revenue (NBR) assesses a taxable person’s overall compliance with VAT regulations and verifies that the net amount of VAT stated and the amount paid by the taxable person are correct.

A VAT audit eliminates the possibility of a tax audit. VAT is a significant financial risk if it is not properly submitted or if the fiscal documents do not conform with current regulations. A VAT diagnosis, often known as a VAT audit, examines the products and invoice flows to assure compliance. The audit may also include a thorough analysis of the company’s financial records in order to discover and compare purchases and sales movements.