UAE VAT - VATP017-- Timeframe for recovering Input VAT Tax

VATP017 - Timeframe for recovering Input VAT Tax

The FTA once again issued important Public Clarification VATP017-UAE VAT- Timeframe for recovering Input VAT Tax. After reading Public Clarification. Now simple question is that if a taxpayer forgets to claim input VAT in the first two tax periods and both conditions satisfied. Now taxpayers have to submit VD to claim input VAT (as explained in VATPC-17). Whether VD penalty will be applicable? If yes or no, in both cases please give your thoughts.