VAT Registration in Dubai | Process Involved in Applying VAT Reconsideration!

VAT Registration in Dubai: Any person who has to pay the penalty can file the Reconsideration form in the Arabic language with the FTA if they are unsatisfied with the Assessment. Reconsideration form can also be filed by a taxpayer for any clarification to be sought from FTA. The Reconsideration Form has to be filed within 20 business days from the notification date of the Assessment or clarification.

Information required to file VAT Reconsideration

To submit VAT re-consideration, a business should have solid reasons and proof on why a penalty ought not to be imposed. Following information is required to file VAT Re-consideration:

  1. VAT registration certificate
  2. Emirates ID of the owner
  3. Passport copy of the owner
  4. Enrolled mobile number
  5. Memorandum of Association for authentication of the applicant
  6. Amount and date of penalty
  7. Summary of the case to justify reconsideration

How can we support you?

Our tax professionals can assist you in compiling and submitting the Reconsideration Form along with all the required documents to be submitted along with the Reconsideration Form within the stipulated time period of 20 business days.

Also Check —->> National ICV Program

Our specialist will guide you to comply with the intricate procedures of relevant legal provisions by drafting technical and procedural arguments to present the matter.

National ICV Program | Why Does your Company Need an ICV Certificate In UAE?

National ICV Program: ICV Program is gist of UAE Economy, therefore it is nationalize in 2021 and thereby this program is shifted to Ministry of Industry and Advanced Technology (MOIAT) with the intention to make it all inclusive for Government and Semi-Government departments across whole UAE.

Who Needs a ICV Certificate?

Companies working directly as suppliers or indirectly as sub-supplier with the following Implementing Agencies are required to acquire the ICV certificate. The Implementing Agencies for the National ICV Program are gradually increasing in numbers to ensure observing ICV Program across the country.

  • ADNOC Group Companies
  • Abu Dhabi Department of Economic Development
  • Aldar Properties
  • Abu Dhabi Ports
  • Mubadala
  • Etisalat
  • Emirates Steel
  • TAQA Group
  • Edge
  • Etihad Rail
  • Sharjah Investment and Development Authority (Shurooq)
  • Emirates Nuclear Energy Corporation
  • Emirates Global Aluminium (EGA)
  • All Federal Government Entities including Ministries, Federal Authorities, and Institutions
  • Companies submitting tenders through Musanada (Abu Dhabi General Services Company)
  • Masdar

Why does your company need it?

Vendors of Implementing Agencies who do not possess the ICV Certificate are allowed to participate in the tenders of Implementing Agencies, however, their ICV score will be considered as “Zero” in the bid evaluation and hence may be at a disadvantage to those holding ICV Certificates.

Also Check —>> ICV Certificate

Therefore, such organisations with no or meagre ICV Score will be in a difficult state when compared with those organizations which have higher ICV scores. The ICV Certificate with better score comparing to your competitors will help and concede your organization to have more chances to be at better position in the tender cycle.

What We Offer as Leading ICV Consultants

We take a pride in being counted as Pioneer ICV certification consultants for a diverse pool of satisfied clients across the UAE.

Our premium services is distinguished by assisting our clients in improving their ICV score by suggesting the steps of improving ICV score and include the incremental effect of each step in our impact analysis report.

We make our clients understand about the ICV and the determining factors that affect the ICV score in their particular business case.

We assist our clients in preparation of the ICV templates by ensuring that all ICV score gaining areas is included in the template that helps to achieve fullest potential of ICV score for which client is eligible to.

We draft the ICV improvement plans that is realistic and achievable across the agreement tenure to support our clients in avoiding seizure of ICV milestone payments.