The UAE Federal Tax Authority has issued a release announcing a one-year extension for tax registrants to benefit from the administrative penalties redetermination. The redetermination, as extended, allows qualifying taxpayers to settle only 30% of unpaid penalties imposed before 28 June 2021 on outstanding tax due as long as the tax and penalties are paid by 31 December 2022. --- Federal Tax Authority: One Year Extension on Grace Period to Benefit From Re-Determination of Administrative Penalties Tax Registrant will have until December 31, 2022 to benefit from Re-Determination of Administrative Penalties unpaid and due before 28 June 2021. FTA: Cabinet...