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UAE authority issues stern warning to tax dodgers

Dubai: To mark the 100th day of value added tax (VAT) in the UAE, the Federal Tax Authority launched a scathing attack on businesses that had failed to register, whilst noting that it was pleased by compliance levels seen in tax returns.

As the authority enters its busiest month yet, with an estimated 80,000 firms preparing to file their taxes, Khalid Al Bustani, the authority’s director general, told the media that he would not tolerate tax evaders, or tax avoiders.

“We believe there are a large number of companies who have not registered yet,” the senior official said, adding that some of these may be intentional.

The FTA would “take action against” these firms, he said.

 

Source:-http://gulfnews.com/business/economy/uae-authority-issues-stern-warning-to-tax-dodgers-1.2204110