The Federal Tax Authority (FTA) of UAE has clarified penalties for taxpayers failing pay the due corporate tax for each month or part thereof shall be subject to a monthly penalty of 14 percent per annum. To avoid UAE corporate tax violation, businesses must pay their due corporate tax with in the deadline.
Read MoreThe UAE’s Federal Tax Authority (FTA) has introduced corporate tax fines and penalties starting from August 1 for businesses that fail to follow the corporate tax law. Compliance with the UAE corporate tax law is essential to prevent penalties.
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