Definition

FTA Reconsideration is the formal process by which a taxpayer can request the Federal Tax Authority to review and potentially reverse a previously issued decision or penalty.

Key points

• Must be submitted within 20 business days of receiving the decision.
• Requires detailed reasoning and supporting evidence.
• FTA typically responds within 40 business days.
• Available for VAT, Excise Tax, and Corporate Tax matters.

Practical example

A company receives a penalty for late VAT filing but provides proof that the return was submitted on time. It files an FTA reconsideration request, and the fine is waived.

Why it matters

Reconsideration ensures fairness and allows businesses to challenge FTA decisions through a transparent process.