UAE amends VAT administrative penalties
The UAE Cabinet of Ministers released Cabinet Decision No. (49) of 2021 to lower part of the penalties levied by Cabinet Decision No. (40) of 2017. The amendment will be taking place on 28 June 2021.
According to the amendment, the penalties imposed before the effective date and have not yet processed will be waived 70% of the total unpaid amount if it meets all the following conditions:
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