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Penalties For Tax Procedures in UAE

This Law aims to achieve the following: 1. The regulation of the mutual rights and obligations between the Authority and the Taxpayer and any other Person dealing with the Authority; 2. The regulation of the common procedures and rules applicable to all Tax Laws in the State. Any Person conducting any Business must keep Accounting Records and Commercial Books of his Business and any Tax related information as determined by Tax Law and maintain the same according to the controls laid down by the Executive Regulations to this Law. Tax Evasion Penalties 1. Without prejudice to any more severe penalty … Continue reading Penalties For Tax Procedures in UAE