Every taxpayer in UAE must comply with UAE VAT laws. They should be aware of the circumstances which may lead to imposing penalties on them when they fail to meet UAE VAT rules and regulations. There are a number of circumstances in the UAE VAT that will lead to the payment of penalties. The UAE cabinet has approved a list of administrative penalties that will be imposed on taxable persons for violations of VAT rules and regulations. The following is the full list of the administrative penalties for violations related to tax procedures, VAT, and excise tax.
Why Spectrum Auditing?
Spectrum Auditing will guide you with the laws and regulations of UAE, be it Value Added Tax (VAT), Corporate Tax (CT), Transfer Pricing (TP), Ultimate Beneficiary Owner (UBO), Anti Money Laundering (AML), etc after reviewing your business. Being a pioneer in the field of auditing, accounting, taxation and advisory services, we ensure we keep track of all the changes that are taking place in the UAE with respect to the changes in laws, rules, regulations and keep our clients informed as well as sharing the same information through our blog section or social media handles regularly. Call us today for any kind of assistance at +971 4 2699329 or email [email protected] to get all your queries addressed. Spectrum is your partner in your success.