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Archives for September 2017

Tax Audit

Tax Audit

The provisions of the newly issued federal law on taxation has authorized the Federal Tax Authority (FTA) with the legal right to perform a tax audit on any business to determine

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Registration

Registration

* The taxable person or the legal representative has to register on the Federal Tax Authority online portal.

* The online process will be simple and take about 15 minutes.

* The FTA portal will open soon on voluntary basis, and Q4 will be a compulsory basis.

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Penalty

Penalties

There are two types of penalties which can be imposed for failing to comply with the below conditions respectively :

Administrative penalties:

1.Intended to address noncompliance.

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