Comment & Analysis
Coronavirus
Regulation, Risk & Compliance
Tax
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COVID-19 impact: UAE reduces penalties on VAT, excise tax
The UAE has reduced tax penalties for value-added tax (VAT) and Excise Tax in order to help the companies and individuals better cope with the impact of the Covid-19 pandemic. According to the newly-released Cabinet Decision No. 49 of 2021, tax payers who currently have penalties pending can see those…
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