UAE tax rules relaxed, penalties reduced

  • Date: 14-Apr-2021
  • Source: Gulf Insider
  • Sector:Economy
  • Country:UAE
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UAE tax rules relaxed, penalties reduced

The UAE cabinet has amended the Executive Regulation of Federal Law on Tax Procedures. The amendment extends the tax notification from 10 to 40 working days. The amendment also covers the time limit for issuing the decision of the Federal Tax Authority to reduce or exempt administrative penalties from 20 to 40 working days from “¦

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