Voluntary Disclosure

Voluntary Disclosure is a vital mechanism for businesses and individuals in Dubai and the United Arab Emirates (UAE) to rectify any errors or omissions in their previous tax filings voluntarily.

Voluntary Disclosure is a vital mechanism for businesses and individuals in the United Arab Emirates (UAE) to rectify any errors or omissions in their previous tax filings voluntarily. At Tulpar, we understand the importance of voluntary disclosure in ensuring compliance with tax regulations and avoiding potential penalties. Our dedicated team is here to assist you through the Voluntary Disclosure process.

What is Voluntary Disclosure?

Voluntary Disclosure allows businesses and individuals to come forward voluntarily to correct errors or provide information to the tax authorities that were not previously disclosed in their tax returns. It is a proactive step towards rectifying unintentional mistakes or omissions. Tulpar offers comprehensive support for businesses and individuals seeking to make a Voluntary Disclosure:

• Assessment: We assess your tax records and financial transactions to identify any discrepancies or omissions that require disclosure.
• Documentation: Our experts assist in gathering the necessary documentation and information required for the Voluntary Disclosure.
• Submission: We prepare and submit the Voluntary Disclosure report to the relevant tax authority, ensuring compliance with their guidelines and requirements.
• Communication: We handle all communications with tax authorities on your behalf, facilitating a smooth and efficient disclosure process.
• Mitigation Strategy: Our team works on developing a strategy to minimize potential penalties and fines associated with the disclosure.
• Compliance Assistance: Following the disclosure, we provide guidance on maintaining ongoing compliance to prevent future issues