TAX UAE

UAE VAT Penalties

UAE VAT Penalties

UAE TAX By  October 4, 2017 0 5
UAE VAT Penalties

UAE VAT Penalties: The UAE Council of Ministers on Monday has announced the penalties for violations of the country’s tax law.

Penalties for violation and other fees

  • Failure to keep required records and documents  – AED 10,000 (First time) & AED 50,000 (Repeated offence)
  • Failure to display prices inclusive of excise tax  – AED 15,0000
  • Failure to comply with conditions and procedures related to keeping the taxable goods in a designated zone or moving them to another designated zone  –  AED 50,000 or 50% of tax whichever is   higher paid on the goods that resulted in the violation
  • Tax registration services  – Free of charge
  • Issuance of tax registration certificate – Free of charge
  • Attested paper registration certificate – AED 500
  • Tax Agents: Registration and renewal – AED 3,000 (for 3 years)
  • Registration and renewal fee for an accounting software provider – AED 10,000 (1 year)
  • Registering a designated zone –  AED 2,000 per year
  • Service fee for registering a warehouse keeper  – Free of charge
  • Issuing an electronic warehouse keeper certificate  – Free of charge
  • Issuing an official printed warehouse keeper certificate – AED 500

A fine must be no less than AED 500 and no more than triple the value of the tax on the transaction

For more details:
Chat with us

author avatar
UAE TAX

Make a Comment

Your email address will not be published. Required fields are marked *

About Us

Saif Chartered Accountants is a reputable firm of Chartered Accountants based in Dubai, specializing in auditing, accounting  and Tax Services establishment in 1994, we have expanded our presence with offices in Dubai, Abu Dhabi, Sharjah, the UK, and India.

We provide a comprehensive array of UAE tax services, including specialized desks for corporate tax and VAT, catering to the specific needs of businesses.

Dubai
Abu Dhabi

Tax, Accounting, & Auditing Solutions

Contact

+971 4 4518 600

 

  +971 2 6756 726

Reach out to us today!