- Federal Tax Authority issued Decision No. 8 of 2024 for correcting errors in VAT returns
- Effective from January 1st, 2025
- Taxpayers must submit a Voluntary Disclosure for errors that do not affect tax due
- Errors that can be corrected include reporting standard-rated taxable supplies in wrong Emirate, zero-rated taxable supplies, and exempt supplies
- Errors must be corrected for the specific period they occurred in, not in future VAT returns
Source: premier-brains.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
