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