Disputes Over Tax Assessments are Given More Time in the UAE

To provide greater flexibility and support to businesses, the UAE’s Federal Tax Authority (FTA) has announced an extension for disputing tax assessments. This new regulation grants businesses more time to raise issues or contest penalties from the FTA. The decision is seen as a significant step towards easing the tax compliance process for companies, ensuring they have ample opportunity to review and address any discrepancies. Background Corporate tax compliance has become a critical aspect of business operations in the UAE. With the introduction of corporate tax, many businesses are navigating this new landscape, making it essential to have sufficient time to review and dispute tax assessments accurately. The FTA’s decision to extend the timeframe for disputing tax assessments reflects its commitment to supporting businesses during this transition period. New Regulations Under the new regulations, businesses will now have 40 working days from the date of receiving the tax assessment notification to submit a review petition. This extension allows companies to thoroughly review their assessments and gather