The UAE Cabinet has amended certain provisions of the VAT Decree-Law that may take effect from January 1st 2023. The most striking change among these amendments is the introduction of a new article that amends the provision of the Statute of Limitation. Under the current law, as per Article 42 of the Federal Law on Tax Procedures (Federal Decree-Law No. 7 of 2017), the FTA generally cannot perform a tax audit after five years from the end of a tax period.
However, a new Article (79) bis have been added to the Decree Law that states exceptions from the general rule. Tax agents in Dubai can guide you further on the statute of limitations. Read ahead to know more about the Statute of Limitations under the amended UAE VAT Law: ..
Source: jcauaeaudit.com
Latest Posts in "United Arab Emirates"
- Key 2025 UAE VAT Law Changes: Five-Year Input Tax Limit, Anti-Evasion, and Import Simplification
- UAE Releases Electronic Invoicing Guidelines Ahead of Nationwide Rollout Starting July 2026
- UAE VAT Refunds for Non-Resident Businesses: 2025 Claims Open Until August 31, 2026
- UAE FTA Issues VAT Guide Clarifying Profit Margin Scheme for Second-Hand and Eligible Goods
- UAE Ministry of Finance Issues Mandatory e-Invoicing Guidelines for Businesses and Government Entities
