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Update - UAE Issues Clarifications on Amendments to the Penalty Regime

|Approved Changes|Untd A Emirates
Untd A Emirates

The UAE Federal Tax Authority has published clarifications on amendments to the penalty regime introduced by Cabinet Resolution No. 49 of 2021. The first is Tax Procedures Public Clarification TAXP001, which provides an overview of all the penalty changes made. The second is Tax Procedures Public Clarification TAXP002, which clarifies that redetermination of administrative penalties levied p…

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