Federal Tax Authority (FTA) urged all UAE businesses registered for value added Tax (VAT) who missed the point for filing their tax returns to pay their tax dues straight off.
FTA said:
"Respecting the deadline to file tax returns and pay due taxes is a liability borne by the registered tax person."
In case of non-compliance with tax payments on deadlines, businesses are needed to pay the calculable taxes beside administrative penalties.
Violations embrace the failure of tax registrants to submit the return/legal document within the timeframe per law and failure of tax person to settle the collectable tax explicit within the
submitted tax return or assessment that was notified.
Continue Reading: New Tracking System Launched to Combat Tax Evasion
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