Audit library / 11 VAT and withholding tax
VAT and Withholding Tax Audit Kit
A complete, ready-to-use audit plan for VAT returns, output and input tax, reverse charge, withholding tax and tax balances. 12 procedures in 6 phases, each showing what to do, the assertion, the risk and the evidence to obtain.
- Step-by-step guide on how to use the plan
- 12 audit procedures, from planning to sign-off
- Covers output VAT, input VAT and reverse charge, withholding tax and tax balances and exposures
- Status and result dropdowns with an automatic progress tracker
- Fillable PDF version you can complete on screen
- Full English and Arabic versions (4 files)
Preview the checklist
Here are the first procedures from the kit. Buy the kit to unlock everything.
| Ref | Procedure | Assertion | Status | Result |
|---|---|---|---|---|
| A. Planning and compliance | ||||
| A1 | Understand the entity's VAT and withholding tax obligations: registration, filing frequency, taxable supplies, exempt and zero-rated items, and cross-border payments.Risk: Tax obligations not identified. | Controls | Not started ▾ | |
| A2 | Check that VAT returns for all periods were filed and paid on time; note any penalties.Risk: Late filing penalties and interest. | Completeness | Not started ▾ | |
| B. Output VAT | ||||
| B1 | Reconcile output VAT in each return to sales in the general ledger, explaining differences (exempt, zero-rated, timing).Risk: Output VAT under-declared. | Completeness | Not started ▾ | |
| B2 | Test a sample of sales invoices for correct VAT rate, required invoice content and e-invoicing compliance where applicable.Risk: Wrong VAT charged or non-compliant invoices. | Accuracy & valuation | Not started ▾ | |
| C. Input VAT and reverse charge | ||||
| C1 | Reconcile input VAT claimed to purchases in the general ledger and test a sample of claims for valid tax invoices.Risk: Input VAT claimed without valid invoices. | Existence | Not started ▾ | |
| C2 | Check that input VAT is not claimed on blocked items (for example entertainment or private use) and that suppliers are VAT registered.Risk: Ineligible input VAT recovered. | Accuracy & valuation | Not started ▾ | |
| C3 | Test reverse-charge VAT on imported services and goods.Risk: VAT on imports not accounted for. | Completeness | Not started ▾ | |
5 more procedures are inside the full kit
Plus the step-by-step guide, dropdowns, progress tracker and the fillable PDF.
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