UAE VAT Update – Reconsideration requests service is now available on the e-service portal
The UAE Federal Tax Authority (FTA) recently announced that the Reconsideration requests service is available to the tax registrants on their e-service portal from 19th November 2021.
Earlier, the said service was available on the FTA’s website under the “E-from” section.
This is a welcomed initiative that will improve the efficiency of the reconsideration process. We foresee the following benefits for taxpayers:
- It will enable the taxpayers to monitor the status of the reconsideration requests.
- The submission of additional information/documents requested by the FTA would be done through the e-service portal instead of sharing via emails with the FTA.
HOW CAN WE HELP?
Rethink as an entity provides VAT advisory, optimization, registration, implementation, compliance, and training services in UAE, Bahrain, KSA, and the GCC.
Our team of senior qualified tax advisors, finance experts, and tax accountants are happy to provide practical help and advice, to ensure timely and cost-effective VAT services.
Based on our local and international experience, we understand that VAT is a complex tax and would certainly suffer numerous changes in the upcoming years. Rethink’s VAT services are aimed to suit both basic and complex returns for SMEs and larger enterprises.
WHO ARE WE?
Re/think is a boutique accounting, audit, advisory, regulatory compliance, and tax advisory firm with offices in Dubai and Abu Dhabi (ADGM) focused on providing businesses of varying sizes with timely, proactive, and customized business solutions from start-up and early development to the latest stages of a business lifecycle.