VAT Penalty Consultants In Dubai
Business owners in the UAE frequently face large fines from the Federal Tax Authority (FTA) for VAT issues, which can heavily affect finances. Our VAT penalty experts at Now Consultant can help you minimize these penalties. We provide expert services to ensure compliance, resolve issues, and negotiate with tax authorities, so you can grow your business smoothly.
The Federal Tax Authority (FTA) imposes significant VAT fines on businesses or individuals in the UAE that fail to comply with VAT laws.
However, penalties can be waived if the business or individual has a reasonable excuse or a valid reason.
Cabinet Decree No. 105, implemented on March 1, 2022, demonstrates the procedures for requesting VAT penalty waivers.
The FTA provides guidelines for taxpayers to request reductions or exemptions from fines. You can apply for a VAT penalty waiver with Now Consultant.
The expert team at Now Consultant assists you with every step of the waiver process, from submitting a reconsideration application to filing appeals to the TDRC based on Cabinet Decision No. 51 of 2021.
Our Penalty Consultation Process!
We are offering the simplest way to request a penalty waiver, which includes the following steps:
First, we apply for reconsideration requests on your behalf within 20 days of receiving the notice of FTA penalty. We perform the process following the regulations of FTA with detailed reasons and a compelling conclusion in this request for reconsideration. This step identifies that business penalty assessments are accurate and fair.
The FTA can reject a reconsideration application if the reasons provided are invalid. In this situation, we help you with an alternative way by appealing to the Tax Dispute Resolution Committee (TDRC) within 20 days of the FTA's decision on the rejection of the reconsideration application.
Cabinet Decision No. 51 of 2021 introduced a way for individuals or organizations to request reduced penalties or exemptions for tax regulation violations. However, FTA requires valid proof and justification for the error that resulted in the penalty.
We help you to meet specific criteria of FTA for reduction and exemptions by setting valid proofs so that you can easily submit an application for the reduction or exemption in VAT penalties.
Requirements or Penalty Reduction Application
- The individual or a business must submit a valid excuse that aligns with FTA criteria, with appropriate evidence.
- The excuse provided must be justified with supporting evidence.
- The request must be submitted within 40 business days following the expiration of the justification period.
- Evidence demonstrating the rectification of the violation must be provided.
- If the violation was deliberate, the application will be rejected.
WHY CHOOSE US!
Experienced Tax Consultants!
The VAT experts at Now Consultant have several years of experience in dealing with VAT-related issues of business with the following expertise:
Follow VAT regulations
Customized Consultation
Risk Mitigation
Optimize VAT Efficiency
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