FTA publishes guide on voluntary disclosures for VAT and Excise Tax
The UAE FTA has published a new Voluntary Disclosure User Guide. This guide follows the implementation of the voluntary disclosure feature on the eServices portal. It provides an overview of the process of completing the voluntary disclosure form for Value Added Tax (VAT) and Excise Tax, and submitting it to the FTA.
A voluntary disclosure should be made by to notify the FTA of an error or omission in their tax return, tax assessment, or tax refund application. A monetary threshold applies (see guide for details).
The voluntary disclosure must be notified to the FTA within 20 business days of discovering the error or penalties may apply.