Fines and Penalties Imposed by FTA for Non-Compliance in Corporate Tax
Fines and Penalties Imposed by FTA for Non-Compliance in Corporate Tax The Federal Tax Authority (FTA) imposes strict fines and penalties on businesses that fail to comply with UAE Corporate Tax regulations. Non-compliance may include late registration, late return filing, incorrect tax declarations, failure to maintain records, or late tax payments. Penalties can range from fixed fines to percentage-based charges, depending on the violation. These measures ensure transparency, accuracy, and timely fulfillment of tax obligations. To avoid penalties, businesses must stay updated on FTA guidelines, maintain proper documentation, and meet all corporate tax deadlines. Understanding these penalties helps companies strengthen compliance and reduce financial risks.
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