The Federal Tax Authority (FTA) has called on tax registrants to benefit from the Cabinet Decision to extend the grace period to benefit from the re-determination of administrative penalties on violating tax laws until 31st December 2022, which would make the amount of the total unpaid penalties due until 28th June 2021 equal to 30% of such unpaid penalties provided the conditions set by the Cabinet Decision are met.
The Federal Tax Authority (FTA) explained that according to the Cabinet Decision on Re-Determination of Administrative Penalties imposed for violating tax laws, the tax registrant who was not able to fulfil the conditions to benefit from redetermination before 31st December 2021 may fulfil the conditions before 31st December 2022.
The authority called tax registrants to fulfil the requirement to pay the full tax payable and 30 percent of the total unpaid administrative penalties that were imposed before 28th June 2021.
