In the UAE’s fast-evolving tax environment, compliance isn’t just a box to tick — it’s a real advantage. The problem is, most businesses only check their tax position at year-end, when fixing mistakes or optimising savings becomes costly or impossible.

That’s why at German FinTax Consultancy, we recommend a mid-year tax health check. This proactive review helps you stay compliant, catch risks early, and uncover financial opportunities before it’s too late.

What Is a Mid-Year Tax Health Check?

A mid-year tax health check is a structured review of your company’s financial and tax records — usually conducted halfway through your fiscal year.

It’s like a medical check-up for your business: instead of diagnosing illnesses, we identify compliance issues, financial inefficiencies, and tax risks, ensuring everything stays healthy and compliant with UAE tax laws.

Why UAE Businesses Shouldn’t Skip a Mid-Year Tax Review

Let’s break down why doing this halfway through the year can make all the difference.

Stay Ahead of Corporate Tax Regulations

Since the introduction of the UAE Corporate Tax Law (Federal Decree-Law No. 47 of 2022), many businesses have continued to adapt to the new compliance framework. A mid-year review ensures your financial statements and tax calculations align with the latest Federal Tax Authority (FTA) guidelines, minimising exposure to penalties.

Catch VAT and Filing Errors Before They Cost You

VAT compliance remains a key focus area for the FTA. A health check helps identify input VAT mismatches, late filings, and non-recoverable expenses before they turn into fines or audit issues.

Optimise Tax Deductions & Reliefs

By reviewing expenses and transactions mid-year, we help identify allowable deductions, exempt income, and relief opportunities under UAE’s corporate tax framework — ensuring your business only pays what it truly owes.

Strengthen Transfer Pricing Documentation

For businesses with cross-border or inter-company transactions, a mid-year review ensures that transfer pricing policies align with OECD principles and UAE Cabinet Decision No. 44 of 2020, thereby helping to mitigate compliance risks.

Plan Cash Flow with Confidence

Knowing your projected corporate tax liability by mid-year helps you plan for upcoming payments and manage working capital more efficiently — keeping your business agile and financially prepared.

Our Proven 5-Step Mid-Year Tax Health Check Process

So, how do you actually run a tax health check the right way? Here’s how we do it — step by step.

At German FinTax Consultancy, we follow a structured, FTA-compliant process designed to identify risks, enhance reporting accuracy, and improve financial visibility.

Initial Consultation & Data Review

We begin by understanding your business model, industry, and tax structure — collecting relevant data such as VAT filings, general ledgers, payroll reports, and financial statements.

Tax Compliance Audit

Our experts conduct a detailed review of your VAT returns, corporate tax filings, accounting records, and documentation to ensure complete alignment with FTA standards and UAE legislation.

Financial Accuracy Check

We reconcile financial data, assess expense classifications, verify capital expenditure treatments, and identify any gaps that could affect tax computation or compliance.

Risk & Opportunity Mapping

We highlight red flags such as inconsistent reporting, missed reliefs, or documentation gaps, while also identifying optimisation opportunities in transfer pricing, VAT recovery, and expense planning.

Reporting & Advisory Session

Finally, we provide a detailed report outlining our findings and recommendations — along with a strategic action plan to strengthen compliance and maximise tax efficiency for the rest of the financial year.

When Is the Best Time for a Mid-Year Tax Review?

The ideal window for a tax health check is between six and seven months into your financial year, giving enough time to correct errors, plan for corporate tax payments, and implement strategic improvements before year-end.

Whether your financial year ends in December or March, conducting a review by September, October, or November ensures your records are clean and compliant well in advance.

The Benefits Are Clear

• Avoid penalties and compliance risks
• Identify tax-saving opportunities
• Improve financial reporting accuracy
• Ensure readiness for FTA audits
• Strengthen overall business credibility

How German FinTax Consultancy Can Help

At German FinTax Consultancy, we specialise in providing comprehensive mid-year tax health checks for UAE-based businesses across all industries. Our team of qualified tax advisors and auditors ensures your company remains fully compliant with Corporate Tax, VAT, Transfer Pricing, and AML regulations, while optimising your tax position for growth.

Whether you’re a mainland entity, free zone company, or multinational group, our proactive approach ensures you stay compliant, efficient, and future-ready.

If you haven’t reviewed your tax position yet this year, now’s the perfect time. Reach out to our team at German FinTax Consultancy today— and let’s make sure your business finishes the year fully compliant, audit-ready, and saving more where it matters.