Failure to apply for de-registration within 20 business days attracts a penalty of Dh10,000
Announcement shared in the latest Basic Tax Information Bulletin.
Dubai Customs’ new smart refund system substantially reduces time required to refund duty deposits
A resolution stipulating this was adopted by the UAE Cabinet on Tuesday
FTA said the extension was to address the challenges posed by the current conditions.
VAT relief will stimulate demand for consumer goods in the country.
In a surprise move on Monday, Saudi Arabia increased VAT threefold to 15 per cent and also suspended the cost of living allowance to increase revenues.
In a surprise move on Monday, Saudi Arabia increased VAT threefold to 15 per cent.
This enables taxable persons to meet their tax obligations without facing any difficulties.
Launching phase two of the 'Marking Tobacco and Tobacco Products Scheme'.