We might want to sum up the new updates delivered by the Federal Tax Authority (FTA) concerning certain critical revisions to the current tax legislation in the UAE.

The new updates covering the accompanying:

Bureau Decision №49 of 2021 — Amending the arrangements of Cabinet Decision №40 of 2017 on managerial punishments for tax violation.

Bureau Decision №51 of 2021 — Modifying a few arrangements of Cabinet Decision №36 of 2017 on the Executive Regulations of Federal Law №7 on Tax Procedures

Tax Procedures Public Clarification (TAXP001) — Explains corrections to the current punishments system.

Tax Procedures Public Clarification (VATP026)

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