SHARE
The UAE Cabinet's decision to extend taxpayers' deadline to appeal for a waiver or reduction in penalties imposed by the Federal Tax Authority is a "reprieve" for businesses, according to tax experts.
Earlier procedures provided only 10 business days for a taxpayer to make an application for waiver to an FTA committee. This provision has now been modified to allow taxpayers 40 business days to submit their exemption or waiver request.
This was a much-awaited change because 10 business days is not sufficient to prepare the application for waiver/exemption citing proper facts, grounds of appeal, supporting provisions and historical records
Anurag Chaturvedi, managing partner, Chartered House Tax Consultancy