UAE announced fines
28.02.2024
The Ministry of Finance of the United Arab Emirates (UAE) announced the imposition of fines for late payment of corporate tax, as well as for late submission of an application for registration for tax payment. The fine is $2,700.
This change comes into force on March 1, 2024.
According to the Ministry's statement, a fine of 10,000 dirhams ($2,700) will be imposed on companies that fail to apply for registration to pay corporate tax on time.
Link to the source: https://mof.gov.ae/ministry-of-finance-holds-2nd-session-of-corporate-tax-public-awareness-programme-in-dubai/
This change comes into force on March 1, 2024.
According to the Ministry's statement, a fine of 10,000 dirhams ($2,700) will be imposed on companies that fail to apply for registration to pay corporate tax on time.
Link to the source: https://mof.gov.ae/ministry-of-finance-holds-2nd-session-of-corporate-tax-public-awareness-programme-in-dubai/
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