28/02/2024 Financial & Legal Services
UAE VAT reconsideration allows taxpayers to request for the review of FTA’s decision. The Federal Tax Authority has the right to impose penalties on taxable entities in case of non-compliance or breach of provisions of UAE VAT laws. However, there are situations where businesses follow the rules diligently and still get penalised by the authorities. In such circumstances, if the entity is unsatisfied with this decision, it can file a petition for VAT reconsideration to the authority to review and reverse the penalty. The team of Shuraa Tax will handle the VAT reconsideration services and complete all the procedures abidingly.
Since January 2018, the UAE has applied a 5% VAT (Value Added Tax) on most goods and services. For the construction industry, where projects are big, ...
A VAT audit in the UAE is a formal review conducted by the tax authorities to verify whether a business is complying with the country’s VAT laws and r...
Value Added Tax (VAT) compliance in the UAE is crucial, but so is ensuring you don't overpay. If your business has incurred more VAT on purchases and ...
Value Added Tax (VAT) was introduced in the UAE on 1st January 2018 at a standard rate of 5%. It applies to most goods and services, ensuring complian...
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