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Penalties for UAE Corporate Tax
UAE corporate tax regulations were subject to fines and penalties for businesses that violated them. Enterprises have to be prepared
Tata Steel, which is part of the Indian conglomerate Tata Group and had a revenue of Dh389.36 billion in the previous financial year, established social security programs for family members of employees impacted by the Covid-19 pandemic on Sunday (May 23).
The steelmaker claimed that all of its frontline workers who died as a result of Covid-19 as a result of their work would be responsible for their children’s education in India before graduation.
The family of the deceased employee/nominee will receive the last drawn salary before they reach the age of superannuation, which is 60 years old, as well as medical insurance and accommodation.
“Tata Steel’s best-in-class social security schemes will help ensure an honourable standard of living for their families,” the company said in a statement.
Source: Khaleej Times
UAE corporate tax regulations were subject to fines and penalties for businesses that violated them. Enterprises have to be prepared
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