Ever since the introduction of Value Added Tax (VAT) on 1 January 2018 in UAE, companies need to mandatorily comply with stipulated guidelines and regulations to abide by the VAT law. The mandates are related to VAT registration, erroneous submissions, returns filing and other compliances.
Businesses must be aware of all the scope of violations of UAE VAT Law in order to avoid non-compliance issues and hefty fines.
We give you a brief orientation on the types of violations possible under the VAT law and the associated penalties imposed by FTA for non-adherence.