A Clarification is an official document issued by the FTA in response to a query from the applicant regarding the tax treatment of specific transactions. The Clarification aims to provide guidance on the FTA’s understanding of the tax regulations and its proper application to the facts stated in the application. While the FTA will aim to provide an answer based on the facts stated by the applicant, the FTA will not verify such facts and will rely solely on the provided information.
Assistance with submitting Clarification requests
A clarification request is an application to the FTA requesting clarity on the matters on which the CT position has not evolved or is highly ambiguous. In response to a query from the applicant regarding the tax treatment of specific transactions, the FTA will issue a clarification in an official document.
The Clarification should include the possible interpretation of the CT regulation and guidance previously published by the FTA. Rethink offers support in submitting clarification requests to the FTA on unclear matters. The core activities include assistance with drafting and submitting clarification requests to the FTA.
Please make an enquiry to find out more and speak to a senior member of our team.
