Stay updated with breaking news from Thomas Vanhee. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
It looks like this was the result of either: A mistyped address A broken link on our site A broken link on a search engine results page A broken link on someone else's page Some things to try: Use the navigation menu at the top Most Read
Covid impact: UAE reduces penalties on VAT, excise tax Waheed Abbas/Dubai (KT file) The new provisions will be applicable 60 days as from April 28, 2021. The UAE has reduced old penalties on value-added tax (VAT) and excise tax in order to help companies and individuals better cope with the impact of the Covid-19 pandemic. According to newly-released Cabinet Decision No. 49 of 2021, tax payers who currently have penalties pending can see those reduced to 30 per cent, provided they settle them before December 31, 2021. Going forward, late payment penalties will be reduced to four per cent per ...