At Forever Rich Accounting & Tax Services, we believe in empowering businesses and individuals to navigate the complexities of tax compliance with confidence. One critical tool available to taxpayers in the UAE is the Tax Assessment Review, a process designed to ensure fairness and accuracy in your tax assessments.
What is a Tax Assessment Review?
Introduced under Federal Decree-Law No. 28 of 2022 on Tax Procedures, a Tax Assessment Review allows you to challenge tax assessments and penalties issued by the UAE Federal Tax Authority (FTA). This optional process involves an impartial review by FTA officials who were not involved in the original audit, ensuring objectivity and transparency. On November 13, 2024, the FTA issued a public clarification (TAXP008) outlining the scenarios where taxpayers can submit a request for review.
Why Should You Request a Tax Assessment Review?
- Fairness and Impartiality: Your case is reviewed by independent FTA officials.
- Evidence-Driven: The process evaluates all documents and evidence you provided during the audit.
- Error Resolution: Address mistakes in procedures, calculations, or application of tax laws.
When Are You Eligible to Apply?
You can submit a request if you believe:
- There was a misapplication of tax laws or treaties.
- Errors occurred during the audit process or tax calculation.
- The assessment includes inaccuracies in valuing taxable supplies.
Key Details to Keep in Mind
- Deadline: Submit your request within 40 business days from the date of receiving the tax assessment.
- How to Submit: Email your request to [email protected].
- Next Steps: If you are not satisfied with the review, you have the option to apply for reconsideration.
Why Choose Forever Rich?
Navigating the tax assessment review process can feel overwhelming, but we’re here to guide you every step of the way. With our deep expertise in accounting, taxation, and UAE tax laws, we ensure your submissions are thorough, accurate, and compelling.
At Forever Rich Accounting & Tax Services, we specialize in:
- Preparing and reviewing tax documents to meet FTA requirements.
- Providing expert advice to strengthen your case during disputes.
- Ensuring your tax assessments are fair and compliant.
Get in Touch
Understanding your rights and taking timely action can make all the difference. If you’d like to know more about the Tax Assessment Review process or need assistance with your case, don’t hesitate to contact us.
📞 +971 58 836 3280
✉️ [email protected]
Let Forever Rich Accounting & Tax Services help you take control of your tax matters with clarity and confidence!