The United Arab Emirates (UAE) Ministry of Finance (MOF) announced the issuance of Federal-Decree Law No. 28 of 2022 on Tax Procedures repealing Federal Decree Law No. 7 of 2017 on Tax Procedures.Federal Decree Law No. 28 of 2022 will come into effect on 1 March 2023.The key changes relate to definitions, language, offset of tax liabilities against tax receivables, obligation to file a voluntary disclosure, tax agents, timeframe for the Federal Tax Authority to notify taxpayers of a tax audit/tax assessment, limit of amount of administrative penalties, tax audit and tax refund application, tax collection in case of risk...