Speaker: Brian Conn, Mufaddal Safdari
The UAE has made major changes to the penalty regime for Value Added Tax and Excise Tax. The changes are due to come into effect 60 days from 28 April 2021.
Other than several prospective and favourable changes, the Decision also introduces an amnesty scheme that will allow unpaid penalties, which were levied under the current regime, to be reduced by 70%, provided the taxpayer settles the unpaid tax and penalties by 31 December 2021. Considering the changes in the penalties, businesses in UAE should consider reviewing their transactions under VAT and Excise Tax and benefit from favourable reduction of penalties and explore amnesty scheme for unpaid tax dues.
Join our webinar to learn what has changed and how it will affect your business.
The webinar will cover:
- The key changes
- The key dates
- What businesses need to do
There will also be a Q&A session where you can put questions directly to our speakers.