- Correction Mechanism for VAT Returns: Federal Tax Authority Decision No. 8 of 2024, effective from January 1, 2025, outlines the procedure for correcting errors or omissions in VAT returns submitted to the Federal Tax Authority.
- Cases Without Tax Difference: The decision specifies that if there is no difference in the due tax, errors such as misreporting taxable supplies between Emirates, or incorrect reporting of zero-rated or exempt supplies, should be corrected through a Voluntary Disclosure.
- Implementation and Publication: The decision was issued on November 1, 2024, and will be published in the Official Gazette, becoming effective 60 days post-issuance.
Source FTA
