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Violations and Penalties under UAE Corporate Tax Law.

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December 14, 2022 |

3 mins read

Introduction – Chapter 18 Violations and Penalties under the UAE Corporate Tax Law

Article 60 of the UAE Corporate Tax Law provides for the assessment of Corporate Tax. Assessment of tax refers to the reviewing and evaluation of information filed in the Tax Return by the Taxable Person. This is done to ensure that the information filed is correct and there is no foul play by the taxpayer to evade payment of tax liability due.

Furthermore, the Law also provides for penalties in cases of violations or non-compliance of Corporate Tax procedures by Taxable Persons under the UAE Corporate Tax Law.

Article 60 – Assessment of Corporate Tax and Penalties

  • Corporate Tax Assessment under the UAE Corporate Tax Law

The assessment of Corporate Taxes of a Taxable Person shall be undertaken in consonance with the Tax Procedure laws of the State as well as the relevant decisions issued for the implementation of the provisions of the Law.

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  • Request for Assessment by a Taxable Person under the UAE Corporate Tax Law

Further, a Taxable Person can also request for the assessment of Corporate Tax by the Authority. For that purpose, the Federal Tax Authority can issue situations, conditions and circumstances under which:

  1. Such a request may be made by the Taxable Person or,
  2. a Corporate Tax Assessment is issued by the Federal Tax Authority
  • Penalties imposed on Taxable Person for violation of provisions of UAE Corporate Tax Law

Penalties and fines, for non-compliance with the provisions of the Law shall be determined as per:

  1. The Tax Procedures Law; and,
  2. The relevant decisions issued for implementation of the provisions of the Corporate Tax Law.

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This Article has been prepared by our Internal Research Team and Guest Contributors. The Article and information contained herein is for knowledge purpose only. The information contained herein should not be considered an advise and proper opinion / advise / guidance should be sought. We do not assume any liability of any sort whatsoever, arising out of reliance on the information provided in the Article.

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