Federal Tax Authority (FTA) Alert on tax penalties in the UAE
30 May 2021
The Federal Tax Authority (FTA) has issued a press release confirming that taxpayers are now able to apply for a reduction or exemption from tax penalties.
To qualify for a reduction or exemption, the taxpayer must:
- have an excuse acceptable to the FTA;
- hold evidence to support the excuse, and the violation it caused; and
- be able to prove the violation has been corrected
The press release states that the application must be made within 40 business days from the end of the acceptable excuse. The FTA will confirm the full conditions and process and for making an application in due course.
This change came into effect from 28 April 2021.
Join our webinar to find out more: Registration