Money & BusinessUAE
UAE announces 30% reduction on unpaid tax penalties
Tax law violators in the UAE can benefit from a 30 per cent reduction on unpaid penalties as per a recent Cabinet decision, the Federal Tax Authority (FTA) said on Tuesday.
The FTA said that, should the registrant meet all these conditions, the administrative penalties will be redetermined to equal 30 per cent of the total unpaid penalties that will appear on the FTA’s electronic system after December 31, 2021.
