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[VAT] Tax Procedure Law, Consumption Tax Act, VAT Act
Release time:2018-04-16 Browsing:1182 Times

On October 2, 2017, the UAE Cabinet approved and promulgated the Administrative Penalty Regulations applicable to the 2017 Tax Procedure Act No. 7, the 2017 Consumption Tax Act, and the 2017 VAT Act No. 8.


Unlike the tax evasion penalties, the minimum penalty for administrative penalties must not be lower than 500 dirhams, and the maximum is not more than three times the relevant tax amount. Fines are not exempt from the taxable amount of the taxable party, and the taxable party has the right to appeal any administrative penalty.


Violations and administrative penalties mainly include: (Unit: Dirham)

 

 


The taxable party fails to record company business and other information as required by law for the first time (1,000), then each time (5,000)


Taxable party fails to submit registration application within the specified time (20,000)


The taxable party fails to submit a cancellation request within the specified time (10,000)


The taxable party fails to submit the tax return within the specified time for the first time (1,000), and each time (2,000) for the next 24 months


Taxable party fails to submit correct tax return request

The first case: the first time (3,000), then each time (5,000)

In the second case, the taxable party does not voluntarily file a tax return or submits tax after the audit of the tax bureau: tax payable (50%)

The taxable party voluntarily submits a tax after receiving the notification of the audit of the tax bureau: tax payable (30%)

The taxable party voluntarily submits the tax before receiving the notification of the audit of the tax bureau: tax payable (5%)

The taxpayer failed to calculate the tax amount correctly (2%)


Pay (4%) of the tax that has not been paid after 7 days


One month after the deadline of payment, the tax amount (1%) still cannot be paid


The taxable party does not meet the requirements of tax laws when importing goods (50%)


Taxable party cannot issue tax invoice/related transaction records Each tax invoice/related transaction records (5,000)


Taxable party is unable to issue tax credit credentials/relevant transaction records Each tax credit credential/related transaction records (5,000)


The taxable party is unable to produce the correct tax invoice/tax credit credential/relevant transaction records required by law Each tax invoice/tax credit credential/related transaction records (5,000)


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