The UAE Ministry of Finance has announced the issuance of Cabinet Decision No. 75 of 2023, which establishes the schedule of administrative penalties for violations related to the new Corporate Tax Law. The decision is effective from 1 August 2023.
The schedule includes the following 13 violations and resulting penalties:
1. Violation: Failure of the person conducting a business or business activity or having a tax obligation under the Tax Procedures Law or the Corporate Tax Law to keep…