Revised Tax Penalties For Various Defaults Under UAE VAT Law - Tax
To print this article, all you need is to be registered or login on Mondaq.com. The Cabinet of Ministers (CoM) has provided a wonderful gift to businesses of UAE on the occasion of Ramadan Eid by issuing Decision No. 49/2021 (New Resolution) amending provisions of Cabinet Decision No. 40/2017 (Old Resolution) regulating tax penalties imposed for the violation of Tax Laws in the UAE on 28 April 2021. Prior to the issuance of the New Resolution, taxpayers were faced with heavy penalties for non-compliance under the VAT & Excise rules and regulations. Although the penalt...
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