The Council of Ministers approved the issuance of a decision to amend the Council’s decision regarding administrative fines imposed for violating tax laws in the country, to reduce the financial burden on those subject to tax in the business sector and who are unable to pay the fines and facilitate them in these circumstances. The decision also aims to encourage registrants to Tax compliance by correcting previous tax returns within the voluntary statements, as well as encouraging them to pay the taxes due before the tax is audited or assessed by the authority.
The Council of Ministers has approved several projects to develop government laws and legislation, whereby a decision has been approved to amend the executive regulations of the Federal Law regarding tax procedures, with the aim of facilitating administrative procedures and adding more flexibility to the legislative framework regulating these matters to ensure support for the state’s competitiveness in the field of doing business. According to the amendment aimed at reorganizing tax procedures to meet the requirements of the current stage and ensure tax compliance, the time for tax notification will be extended from 10 to 40 working days, as well as the amendment of the deadline for the Federal Tax Authority to issue its decision to reduce or exempt administrative.
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