VAT Reconsideration
UAE VAT reconsideration allows a taxable person to appeal for the review of the decision made by FTA. All the companies in UAE must be aware of the tax laws to run their businesses smoothly. If the companies do not follow the tax laws issued by the Federal Tax Authority (FTA), they will get VAT fines and penalties.
There are many situations when the businesses follow the rules and regulations of FTA and still get fines and penalties. In such circumstances, the taxpayer is not convinced with the decision of FTA. In such cases, the taxpayer may apply for VAT Reconsideration.
Source xactauditing
Latest Posts in "United Arab Emirates"
- ZATCA Announces 24th Wave of E-Invoicing Phase 2 for VAT-Eligible Taxpayers
- UAE Updates VAT Guide: New Rules on Input Tax Apportionment and Recovery Percentage
- UAE Implements New E-Invoicing System with Amended VAT Regulations and Ministerial Decisions
- UAE Unveils Phased Implementation of National E-Invoicing System
- RTC Webinar Recording & Slide deck: UAE e-Invoicing: A Corporate Perspective on the Mandate and Opportunities
