Despite Kohli's flowing form ahead of the T20 World Cup in June, pundits have raised concerns over his strike-rate
cricket2 hours ago
The UAE’s Federal Supreme Court has dismissed an appeal filed by the Federal Tax Authority (FTA) against taxes and administrative fines and penalties imposed by the authority against a Dubai-based beverage distributor, in connection with excise taxes.
Baker McKenzie Habib Al Mulla, which represented the company, said the court also ordered that the FTA repay the full amount of the penalties to the company.
This is believed to be the first time the Federal Supreme Court issued a judgment in favour of a taxpayer and removed all taxes and administrative penalties levied by the FTA, said Baker McKenzie Habib Al Mulla in a statement.
However, it didn’t disclose the name of the company.
The beverages company had earlier also successfully appealed before the Court of Appeal and Court of First Instance. Both the Court of First Instance and Court of Appeal had rejected the FTA’s appeal against the previous decision of the Tax Dispute Resolution Committee (TDRC), and allowed the company’s counter appeal against the decision of the TDRC (in doing so, both Courts held that no penalties should be due).
The Federal Supreme Court said administrative penalties were wrongly imposed, because the tax regulatory authority imposed them on the incorrect premise that the company had collected funds as tax, and had not reported or voluntarily declared such tax. The Court declared that the FTA’s argument was invalid.
“These judgments confirm the robustness of the UAE judiciary with respect to the adjudication of tax matters,” said Baker McKenzie Habib Al Mulla on its website.
waheedabbas@khaleejtimes.com
Despite Kohli's flowing form ahead of the T20 World Cup in June, pundits have raised concerns over his strike-rate
cricket2 hours ago
Saudi Arabia has begun to explore extracting lithium from sea water
business2 hours ago
Speaking after meeting Lebanese leaders, French foreign minister says there had been "a lot of progress" over the French proposals
mena2 hours ago
The three-shot winner from Japan says he is aiming to become a member of the PGA Tour in the future
sports2 hours ago
Big-hitting Nienaber falters at the finish to settle for secondwhile former Abu Dhabi resident David Horsey takes the third spot at Saadiyat Beach Golf Club
sports3 hours ago
The UAE is India's second-largest export destination after the US
economy3 hours ago
Islamabad is seeking a larger long-term agreement with the fund after a current $3 billion standby arrangement expires this month
economy3 hours ago
Prior to halting operations, WCK had distributed more than 43 million meals in Gaza since October
world3 hours ago