Alroeya, 19 January 2022: The UAE’s Cabinet has issued two decisions redefining the administrative fines which will be imposed for Tax Law violations committed before 28 June 2021 in the State.
It will be 30% of the total unpaid fines by that date provided certain conditions are met.
Taxpayers will only have to pay 30% of the unpaid taxes if they paid the outstanding amount by 31 December 2021.
If the taxpayer didn’t pay the full tax owed or 30% of the total administrative fines by 31 December 2021, they can pay both by 31 December 2022.
The second decision will come into force at the start of March and gives the committee formed by a Decision by the Chairman of the Authority the right to approve the payment of the administrative fines in instalments. For full story, click here.
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