Failure to register for VAT: Penalties

An offense will be charged by a person who, under Section 51(1) (a), does not get registered for value-added tax right according to section 12 of value-added tax. No matter whether the person is knowledgeable about the value-added tax liability or not, they will be penalized if they don’t get registered for VAT within the timeframe. The penalty for not registering for value-added tax within the timescale is AED 20,000.

The fines and penalties will be no fewer than AED 500 and not more than 300% of the value of the tax on the transaction in question.

Failure to keep the records

Keeping the required documents and data is essential if you do not want to get penalized. The penalty for not following the data needed for value-added tax in Dubai is 10,000 United Arab Emirates Dirham for the first time. If the breach is repeated, AED 50,000 will be imposed as fine for each repeated offense. Additionally, if the records are not submitted in the Arabic language if the Authority asks for it, 20,000 United Arab Emirates Dirham will be charged as penalty.

Failure to Deregister

If a company does not submit the application of deregistration within the timeframe defined in the Tax Laws, it will be charged 10,000 United Arab Emirates Dirham.

Failure to inform about Amendments

If any alteration is made in the value-added tax records, the authorities should be informed about it, or else, AED 5,000 will be charged for the first-time violation, and 15,000 United Arab Emirates Dirham will be charged if the act is reciprocated.

Failure to file the tax return

The UAE value-added tax consultants or legal representatives should register for the VAT return in UAE on time, or else the penalty charged to the authorized representative will be 1,000 United Arab Emirates Dirham for the first time. Still, on repetition within 24 months, AED 2,000 will be charged. For not notifying the Tax Authorities for such appointments within the specific time, the representative can be charged 20,000 United Arab Emirates Dirham as a penalty that will be due to the representative’s funds.

Incorrect tax returns submission

In case of wrong tax return submission, a penalty of 3,000 United Arab Emirates Dirham will be implemented for the first time, whereas 5,000 United Arab Emirates Dirham will be used in case of a repetition of incorrect submission. These are fixed penalties. The penalties applied based on the percentage of the tax amount not paid to the tax authorities due to the failure in submissions. The fine imposed in percentage can be either 5%, 30%, or 50% of the not paid tax amount, depends on how early the submitter notifies the fault concerning the tax audit by the Authority.

Disclosure of Business Errors

United Arab Emirates Dirham 3,000 is applied for the first time and 5,000 AED for repeating the identical as a fixed penalty. But the voluntary declaration by the Taxpayer of the business mistakes in Tax Returns, Assessment, or Refund request will impose the penalty in the percentage of the unpaid tax amount due to business mistakes. Repeatedly, the percentage penalty is it 5%, 30%, or 50% depends upon when the Taxpayer informed the authorities of the errors to the initiation of a Tax audit by the Tax Authority.

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