UAE Issues Updated Clarification on the Redetermination of Administrative Penalties
The UAE Federal Tax Authority has published Tax Procedures Public Clarification TAXP004. This updates and replaces Tax Procedures Public Clarification TAXP002 on the redetermination of administrative penalties levied prior to the effective date of Cabinet Decision No. 49 of 2021, which implemented a new penalty regime. The redetermination allows qualifying taxpayers to settle only 30% of unpai…
Continue Reading