is more or less than required with an upper cap of AED 10,000. However, Article 8(2)(a) of Executive Regulation on Tax Procedure has a contradictory view. Article 8(2)(a) states that if a Taxable Person becomes aware that a Tax Return submitted by him to the Authority is incorrect, resulting in a calculation of Payable Tax according to the Tax Law being less than required with an upper cap of AED 10,000; the Taxable Person shall correct the error in the Tax Return for the Tax Period in which the error has been discovered. The contradiction is the use of word “more or less” in tax return guide page 20 while the use of word “being less” in Article 8(2)(a). If we go by Tax return guide, AGTL can claim input credit in Tax Return Filing of Mar-18 and this will defeat the intent of Article 55(2) of Decree Law. However, if we go by Article 8(2)(a) of Executive Regulation on Tax Procedure, AGTL cannot claim input credit in Tax Return filing of Mar-18 as this error is not resulting in previous payable tax being less than the revised one. Rather this error will result in previous payable tax being more than the revised one and hence condition of Article 8(2)(a) is not satisfied. This is also in line with intent of Article 55(2) of Decree Law. Now this is up to you to decide – Is Input Credit lost if not claimed within Tax Period or Is open to claim as and when discovered.]]>