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April 22, 2021

VAT Penalties on Non Compliance

VAT Penalties on Non Compliance

by Admin / Tuesday, 14 July 2020 / Published in News
SrNon-Compliance1st time penalty AEDEach time Repetition, Penalty AED
1In Record keeping as prescribed BY FTA10,00050,000
2In Provision of record in Arabic When asked by FTA20,000 
3In Mandatory Registration with FTA with in time period20,000 
4In De Registration with FTA10,000 
5Failure to inform FTA about amendment in Tax record5,00015,000
6In Regular Tax return filing10002000 (In case in 24 months)
7In Tax Payment to FTA2% of Payable tax to FTA immediately after due date, 4% on 7th day and 1% daily after 30th day and it may lead up to 300%. 
8In correct tax return3,0005000
9In Failure to account for Tax due on imports of good50% of un declared Tax 
10Missing Tax invoice, credit notes or any alternative document5,000 
11Incorrect Tax Invoice, credit notes5,000 
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