VAT Voluntary Disclosure Form 211

The FTA has introduced Form 211 – VAT Voluntary Disclosure Form to enable Taxpayers to voluntarily disclose to the FTA, any errors or omissions above the value of AED 10,000 before the Authority through a Tax audit or Assessment identifies them. What Is voluntary disclosure: Every Taxable person has an option to rectify the [...]

UAE fines, fees for tax law violations

The penalties range from as low as Dh3,000 and go up to Dh50,000 depending on the offences committed by the entities or individuals. As per the new regulations, if the person fails to keep required records and other information specified in the laws will be fined Dh10,000 in the first instance and Dh50,000 in [...]