The Federal Tax Agency (FTA) in the UAE has announced that taxpayers who fail to pay their corporate tax arrears for any month or part thereof will be subject to a monthly penalty of 14 percent per annum.
Publish dateSaturday 25 January 2025 - 10:46
According to Amac News: The FTA announced that the penalty will be applied to the amount of the arrears and will be calculated from the day following the payment deadline, and will be added to it every month on the same date.
The announcement noted that to calculate the penalty for non-payment of taxes, the tax payment due date must be no later than nine months after the end of the relevant tax period.
This is determined in accordance with Federal Legislative Decree No. 47 of 2022 on Corporate Tax and its subsequent amendments.
The announcement noted that to calculate the penalty for non-payment of taxes, the tax payment due date must be no later than nine months after the end of the relevant tax period.
This is determined in accordance with Federal Legislative Decree No. 47 of 2022 on Corporate Tax and its subsequent amendments.
amacnews.com/vdci.yarct1aquli2t.html
Source : news agency wam
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