Federal Tax Authority (FTA) has over ruled previous provisions of administrative penalties for violation of VAT regulations and non payment of VAT liability. A new decision has been issued on 28th of April 2021 which replaces the Administrative Penalties table initially set out in Cabinet Decision no. 40 of 2017.
Much of penalties are either reduced or spread over longer period of time in this new regulation, Cabinet Decision no. 49 of 2021, Redetermination of Administrative Penalties.
We have developed a tool in MS Excel to help you make it easy to calculate administrative penalties as per cabinet decision 49 of 2021 effective from 28th June of 2021.
A screenshot of UAE VAT Penalty Calculator is attached herewith.
Thanks. it is really a great tool.