Tax evasion refers to the use of illegal methods to reduce the amount of tax due, avoid tax payments, or claim a tax refund that one is not entitled to under UAE tax laws. Tax evasion is a serious offense and carries significant penalties.
Tax evasion penalties are imposed under the following circumstances:
The competent court will impose tax evasion penalties on anyone directly involved in tax evasion. Those found guilty of aiding tax evasion will be held jointly and severally liable for the payable tax and administrative penalties under Federal Law No. (7) of 2017 on Tax Procedures and other relevant tax laws.
Complying with UAE tax laws is crucial to avoid severe consequences. AARMAK offers expert tax compliance and advisory services to help businesses meet their obligations and steer clear of potential tax issues.
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