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VAT: Can the Federal Tax Authority overrule disclosures?

The Federal Tax Authority (FTA) is authorised by the Federal Tax Law to issue a tax assessment to determine the value of payable tax and serve it on the taxable persons under circumstances where it is not satisfied by the voluntary disclosures.

According to the law FTA issues tax assessment of taxable person or entity when it fails to apply for registration within the time frame specified by the tax law; if they fail to submit a tax return within that time frame; if they fail to pay the tax stated as payable on the submitted tax return before the deadline; if the taxable person submits an incorrect tax return; and if the registrant fails to calculate tax on behalf of another person when they are obligated to do so by the tax law.

The law addresses conflict of interest, prohibiting all FTA staff members from performing or participating in any tax procedures related to any person in cases where if the staff member and that person are related. Employees of the Authority are bound by non-disclosure clauses and are prohibited from disclosing information that they obtained or to which they had access in their capacity as employees.

The law requires FTA employees to maintain professional confidentiality after cessation of their services, and are prohibited from disclosing information that they obtained or to which they had access in their capacity as employees, unless otherwise requested by the judicial authorities and in accordance with the executive regulations. Any person who has obtained information pursuant to the provisions of the law is not to disclose or use said information for any purposes other than those for which the information was obtained.

Source: Gulf News

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