Attention UAE Businesses! Major VAT Filing Updates Incoming!
Starting January 1, 2025, the UAE Federal Tax Authority (FTA) is introducing Decision No. 8 of 2024, making VAT return corrections easier and more efficient!
What’s Changing?
🔹 Voluntary Disclosures Made Simple – Correct VAT return errors without altering the due tax, following the new streamlined scenarios outlined in Article 2 of the decision.
🔹 Fix Common Reporting Mistakes – Easily amend misreported Emirate-wise supplies, zero-rated supply errors, and exemptions (like residential property rentals).
🔹 Avoid Penalties & Stay Compliant – These updates help businesses maintain accurate VAT records without unnecessary penalties.
Stay ahead of compliance! We’ve put together a capsuled deck covering these key changes and their impact on your business.
Swipe through & stay informed! Got questions? Drop them in the comments!
