According to the UAE government’s Cabinet Resolution No. (51) of 2021 Modifying some provisions of Cabinet Resolution No. (36) of 2017 on the Executive Regulations of Federal Law No. (7) of 2017 on Tax Procedures specifically the provision of Article (26) of Executive Regulations of Federal Law No. (7) of 2017 on Tax Procedures.
The major points to be considered are:
- Authority must consider the excuses for the penalty
- Proper clarification is submitted to validate the excuse
- Re submission of the application must be carried out within 40 working days
- The violation must be corrected and The taxpayer shall exemplify the same
- Special format is issued for the re submission
- The VAT authority has the right to reject the application if they found that the violation was intentional
- The time period for the application review is 40 working days.
For submitting the reconsideration application please feel free to contact us at any time.
Why choose AGX auditors?
AGX auditors are the team of professional accounting and auditing service providers in DUBAI,UAE. We are registered Auditors under the Ministry of Economy UAE , Dubai delivering dedicated Audit, Accounting, Tax services, Financial Advisory and Business Advisory Services complying regulatory requirements.
We at AGX will assist you in taking care of all the procedures involved in the VAT process. Call us today for any kind of assistance at +971 50 2981990 or email us at agx@agxauditors.com to get all your queries addressed.