In a significant development in the world of taxation, the United Arab Emirates’s tax law allows the tax administration to conduct tax audits for some companies without prior notification. This will leave businesses and individuals alike on high alert, as the consequences of non-compliance have never been more severe.
Tax Audits Without Prior Notification
Understanding the Implications
- Intentional Submission of False Information
- Concealing or Destroying Documents
- Misuse of Authority Documents
- Obstructing Authority’s Employees
Penalties for Tax Evasion
Source: hlbhamt.com
