8 Most Common VAT-Related Mistakes Made By Businesses in UAE

8 most common VAT related mistakes in UAE

  VAT was implemented in UAE on January 1, 2018. Since then, businesses are subject to a number of requirements under the VAT Law. Each business enrolled for VAT has an obligation to file VAT returns with the Federal Tax Authority (FTA). However, UAE businesses continue to make VAT-related mistakes and […]

A welcome relief for UAE businesses: Penalty waivers and penalty installments

Penalty waivers & penalty installments

  A new Cabinet Decree No. 105 of 2021 has been issued related to penalty waivers and penalty installments. The new cabinet decision will become effective on March 1, 2022. In accordance with this law, taxable persons can apply for installment payment or a waiver of administrative penalties in whole or […]