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FTA releases two new Public Clarifications on amendments to administrative penalties and redetermination of some penalties already imposed
UAE- May 30, 2021:
As part of its ongoing awareness-raising efforts, the Federal Tax Authority (FTA) has issued two new detailed public clarifications that aim to familiarize persons with simplified explanation on tax aspects, enabling them to apply the tax principles accurately.
The first public clarification outlines the fundamental amendments to the table of administrative penalties, in order to ensure certainty of the correct application of these amended penalties.
Click here to view the Tax Procedures Public Clarification- Amendments to the Penalties Regime
The second public clarification details the mechanism used to re-determine some administrative penalties that were imposed before the effective date of the new amendment on June 28, 2021. This decision is applicable on all administrative penalties imposed whether in respect of tax procedures, VAT or Excise Tax.
Click here to view the Tax Procedures Public Clarification – Redetermination of Administrative Penalties Levied Prior to the Effective Date of Cabinet Decision No. 49 of 2021
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