Enhance Legal Compliance with Online Signature Licitness for Disclosure Notice in UAE

How to eSign a document: online signature licitness for Disclosure Notice in UAE

[Music] hello everyone let me give you a quick briefing on volunteer disclosure in uae vat what is volunteer disclosure a voluntary disclosure should be made by a taxable person to inform the federal tax authority about any error or omission done in the previous submitted vat returns now where to find the voluntary disclosure form login to your fta portal by your username and password and in already filed previous returns section you will find a small tab of submit voluntary disclosure if your payable tax amount or the correction of the amount is more than 10 000 dirhams you have to file a voluntary disclosure remember there is a fine of 3 000 dirhams while filing the first time warranty disclosure and in case of repetition it is 5 000 dirhams apart from that there is a 5 variable on the difference amount the voluntary disclosure should be made within 20 business days from the date you discovered about the error or information done in the previous fat returns i urge all the companies and taxable persons who have submitted vat returns but feel that there is some errors on omission file the voluntary disclosure to avoid further administrative penalties hope this was useful have a great day ahead thank you