Who Can Apply For VAT Penalty Reconsideration?
Any natural or legal person can apply to FTA to reconsider its decision within 20 business days from notification of the decision. The FTA requires the applicant to provide reasons for applying a reconsideration on its decision, including an analysis of the alternative treatment which the applicant considers that should have been applied to its case. The FTA will review the request for reconsideration and, if the application has fulfilled the requirements, the FTA will issue its justified decision within 20 business days from receipt of such application. This decision shall be relayed to the applicant within 5 business days from the date of its issuance. Most importantly, the FTA requires the application and its supporting documents to be written in Arabic language only.
To give you a real life example, a VAT registered Company filed its VAT return for the period which resulted to a refund from the FTA. However, during the process of the submission, it has mistakenly used the incorrect number sign and ended up submitting a payable of VAT due instead of a receivable VAT refund. The Company was fined with penalties and interest resulting from the non-payment of the filed VAT due payable, in which to begin with, there is no actual VAT due payable. The Company, through our help, has appealed through the proper channels and took steps to the FTA to reverse and correct the error on the VAT return filed. The FTA has accepted the filed reconsideration and in a reasonable time has reversed the penalties and interests.
Connect With Us For Expert VAT Reconsideration Services In UAE
If you relate to the same scenario in the example above or completely something else and you believe you have complied to the law accordingly but was wrongly penalized, you can exercise your right to appeal and submit a VAT reconsideration to the FTA. We are here to assist you all through-out the process. There is no assurance or guarantee on every VAT reconsideration but it is always worth trying that doing nothing.
Contact Us Today
For consultation and inquiries on your VAT reconsideration, feel free to reach us! Our team of VAT professionals can help you analyze, prepare, submit and liaise your VAT Reconsideration submission along with the requirements to the FTA. Get in touch and learn more by visiting our website www.abbasaccounting.com or contact Augusto Dela Cruz (augusto.cruz@abbasaccounting.ae) at +971 55 389 1625.
