The Federal Tax Authority calls again for tax registrants to benefit from Cabinet Decision No. 49 of 2021 which enables the redetermination of administrative penalties imposed on registrants to equal 30% of the total unpaid penalties as the following conditions:
- The penalty must have been imposed before June 28, 2021 under Cabinet Decision No. 40 of 2017.
- The administrative penalties due were not settled in full until June 27, 2021.
- The registrant has undertaken all of the following:
Settle all due payable tax by December 31, 2021.
Settle 30% of the total unsettled administrative penalties imposed before June 28, 2021 no later than December 31,2021.
If these conditions are met, the administrative penalties shall be redetermined after 2021 where the registrant won’t be required to pay the remaining 70% of the unpaid administrative penalties by June 28, 2021.
(Source: Federal Tax Authority)