Accounting Penalties in United Arab Emirates Abu Dhbai, Dubai
Accounting Penalties in United Arab Emigrates
| NATURE OF VIOLATION | PENALTY (IN AED) |
|---|---|
| Record Maintenance | a) 10000 – 1 st Time |
| Non-submission of records to the authority in Arabic language |
20000 |
| Failure to submit registration application |
20000 |
| Failure to submit de-registration application |
10000 |
| Failure to inform amendments in tax records available with the authority |
a) 5000 – 1 st Time b) 15000 – repetition |
| Failure to inform about oneself being appointed as Legal Representative |
20000 |
| Failure to submit tax return | a) 1000 – 1 st Time b) 2000 – Repetition (within 24m) |
| Failure to pay tax: a) Stated in tax return b) Intimated in Assessment notified |
Percentage of tax unpaid a) 2% (day 1-6) b) 4% (day 7 to the end of the next calendar month) c) Post above, 1% daily (max up to 300%) |
| Not recording for tax due on import of goods |
50% of the unpaid or undeclared tax |
| Failure to facilitate the work of tax auditor |
20000 |
| Failure to disclose prices inclusive of tax |
15000 |
| Failure to inform availmentof margin scheme |
2500 |
| Failure to issue tax invoice/credit note or an alternate document |
5000 for each invoice/credit note or alternate document |