UAE Updates
Excise Tax Updates
- Cabinet Decision No. (33) of 2019
The Federal Tax Authority ('FTA') in the UAE has recently published a new Cabinet Decision related to penalties and fines to be imposed for non-compliance of Digital Tax Scheme. This Cabinet Decision has come into effect from the 1st of May 2019.
The penalties mentioned in the Cabinet Decision vary from AED 20,000 to AED 50,000 per incident, in addition to possible percentage - based penalties of 50% of Excise Tax due.
Access the Cabinet Decision by clicking here
Other Updates
- FTA Website
The FTA has launched an updated and more dynamic version of the website where the layout has been changed to accommodate for separate sections of Value Added Tax ('VAT') and Excise Tax. Other sections of the website such as the legislation, guides and forms are also more accessible.
The new FTA website can be accessed here
13 Jun 2019
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
