Perform Pre-audit health check & assess VAT Penalty The FTA has been informing companies that they will be audited five working days after the date of the email sent to them for the year Jan 1st to April 30th, 2018, and May 1st to July 31st, 2018 tax periods. Businesses must get ready and ensure

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50% REDUCTION ON COMMERCIAL FINES IN DUBAI   The Commercial Compliance & Consumer Protection (CCCP) sector at the Department of Economic Development (DED) has declared a cutback in commercial fines by 50%. Although, only the first fine issued in a calendar year can conform to this. It is now needless for traders to request for

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MANDATORY DE-REGISTRATION AS PER FTA REGULATION VAT-registered companies with a taxable supply of less than 187,500 in the past consecutive 12 months, are to de-register on or before January 20, 2019. Failure at doing so will result in the company being charged with a penalty fee of AED 10,000. According to the conditions specified in

The penalties range from as low as Dh3,000 and go up to Dh50,000 depending on the offences committed by the entities or individuals. The UAE on Monday announced services fees and fines for non-compliance of value-added tax (VAT) laws as the country heads towards implementation of the consumer-focused taxation system from January 2018. The regulations


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