
Public relations experts in the Middle East and North Africa (MENA) discuss mental health issues
Public relations experts in the Middle East and North Africa (MENA) discuss mental health issues According to the MENA Mental
Abu Dhabi: The Federal Tax Authority confirmed the Cabinet Decision No. 49 of 2021 on reforming various elements of the UAE’s Administrative Penalties for Violation of Tax Laws, is intended to encourage tax registrants and assist them in fulfilling their tax duties, while improving the state’s competitiveness in the field of doing business.
Al-Bustani asked tax registrants to take advantage of the new amendment’s significant benefits, which include more relief for business sectors in order to promote their effective contribution to the country’s economic progress.
The amendment reduces or modifies the method of computation for 16 types of administrative penalties, including penalties for administrative violations of Tax Procedures, Federal Decree Law on Excise Tax, and Federal Decree Law on Value Added Tax, according to the amendment.
The FTA shall re-determine the administrative penalties imposed on the tax registrant previous to the implementation date of the new amendment that have not been fully paid, to be equal to 30% of the amount of such outstanding penalties, according to the amendment.
To be eligible for such a plan, the tax registrant must pay their due taxes in full by December 31, 2021, and 30% of the total administrative penalties due and underpaid by June 27, 2021, by December 31, 2021. The FTA will identify the procedures needed to put this in place.
Public relations experts in the Middle East and North Africa (MENA) discuss mental health issues According to the MENA Mental
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