FTA Decision No: 8 of 2024 – Correction of Error or Omission in the Tax Return Submitted to the Federal Tax Authority for VAT

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An overview of FTA’s requirements for Correcting error or omission in VAT returns:

In the ever-evolving landscape of tax regulations, staying informed and compliant is crucial for businesses and individuals alike. The Federal Tax Authority (FTA) recently issued Decision No. 8 of 2024, shedding light on the actions required to be taken to correct an error or omission in the Tax Return submitted to the Federal Tax Authority for VAT.

The new guidelines outline a structured approach to rectifying errors or omissions in previously submitted VAT Returns, emphasizing transparency, accountability, and procedural clarity. According to the decision, if the taxpayer discovers an error or omission in the Value Added Tax (VAT) Return submitted to the authority where there is no difference in the due tax, they shall correct such error by submitting a Voluntary Disclosure if any of the cases stated in below occurs.

Cases of error or omission without a difference in due tax:

The cases of error or omission in the tax return where there is no difference in due tax are as follows:

This decision shall be effective from 01 January 2025.

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