EP 05: TAXP008 Tax Assessment Reviews

15/11/2024 10 min

Listen "EP 05: TAXP008 Tax Assessment Reviews"

Episode Synopsis

In this episode of “LetsTalkTax,” we break down the UAE Federal Tax Authority’s recent Public Clarification on the new optional mechanism for challenging tax assessments and penalties. Known as the Tax Assessment Review, this approach allows individuals to seek an independent review of their tax assessments by FTA officials before opting for a formal reconsideration. We’ll discuss who can request a Tax Assessment Review, the steps involved, and what options are available if the review outcome isn’t satisfactory. Tune in to understand how this update, under the Federal Decree-Law No. 28 of 2022 on Tax Procedures, could impact your tax compliance journey in the UAE.