Tax authorities take VAT non-compliance very seriously. That should be no surprise. VAT is complex and, without effective processes in place, businesses run the risk of accidental VAT non-compliance. Failing to comply with VAT requirements has serious risks. While penalties and interest charges are the most apparent consequences of noncompliance, noncompliance poses severe additional business risks.
Consequences of VAT Non-Compliance
- Fines and Interest Charges
- VAT Inspections and extended Audits
- Criminal Charges
Overcoming the Risk of Non-Compliance
Source: ITC Accounting & Tax Consultancy
Latest Posts in "United Arab Emirates"
- UAE Announces Penalties for Non-Compliance with Mandatory E-Invoicing Starting July 2026
- UAE Amends VAT Law for 2026: Streamlined Compliance, Refund Limits, and Stronger Anti-Evasion Measures
- UAE Amends VAT Law to Enhance Transparency, Efficiency, and Strengthen Tax Compliance from 2026
- UAE to Amend VAT Rules from January 2026 to Simplify Tax Procedures and Boost Compliance
- UAE to Launch Mandatory Peppol E-Invoicing and E-Reporting for B2B/B2G from 2027
