Picture for illustration purposes only.
PHOTO BY ARCHIVE
DUBAI – A 30 percent discount will be applied on unpaid penalties incurred by tax law violators in the UAE, according to the Federal Tax Authority (FTA).
The FTA announced on Tuesday (September 14) that the discount on unpaid tax penalties is based on a recent UAE Cabinet decision.
The Cabinet decision covers 16 types of administrative penalties, including administrative violations related to the application of tax procedures, value added tax and excise tax.
According to the FTA, the discount will be applied if the administrative penalty was imposed before June 28, 2021 and if it was not settled in full until June 27, 2021.
The registrant should settle all due payable tax by December 31, 2021, and settle 30 percent of the total unsettled administrative penalties imposed before June 28, 2021, no later than December 31, 2021.
The FTA said that upon meeting these condition, administrative penalties will be reduced by 30 percent.
The federal body urged registrants to use the “Payment Adjustment Type” feature when settling their due payments on the FTA’s e-Services portal.
The FTA encouraged registrants to ensure that the tax return or the voluntary disclosure is submitted before making the payment. ICA/Expat Media
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