The emirates Federal Tax Authority announces a decision regarding tax evasion, During a training that was recently held by the Federal Tax Authority (FTA) for company owners, the FTA established four fundamental characteristics that must be completed in order to report infractions and tax fraud.
According to the offer that was put out by the authority, and "Emirates today" managed to get its hands on a copy of it, these requirements need to be satisfied in at least their entirety, namely as follows:
- The information that is submitted must not have been received by the authority in the past, thus it must be credible and accurate.
- The applicant is responsible for accurately and thoroughly filling out the entirety of the reporting form.
- The authority is responsible for the collection of tax amounts greater than 50,000 dirhams.
- The individual who was notified has used up all of their options for objecting and appealing.
The authority began implementing a system known as "sergeant" for reporting irregularities and tax evasion in the month of April of the previous year. Sergeant is a system that is designed to receive and process reports on natural or legal persons who evade taxes, practise fraud, or commit other tax violations, as well as to provide monetary reward to informants upon meeting specific conditions.
According to the authoritative source, the "sergeant" system for reporting tax infractions and tax evasion awakens society's awareness of complying with tax legislation and reporting its violation. The primary objective of the programme is to improve the fair treatment of companies that do not comply with tax legislation by means of prosecution or the application of penalties. This will be accomplished.
Submit a tax evasion report
The authority noted that a report on tax evasion can be submitted through the website through the "Raqeeb" system, in order to preserve the confidentiality of the identity of the whistleblower, and noted the possibility of qualifying the informant or the whistleblower to receive a financial reward if he meets the above conditions. This was done in order to preserve the confidentiality of the identity of the whistleblower.
In a previous disclosure, The Authority stated that the penalties prescribed include imprisonment and a fine for any company or entity that tries to evade taxes and deliberately refrain from paying any tax due. The Authority emphasised that "those who deliberately refrain from paying any tax payable or who deliberately works to reduce the actual value of his business or income or those who do not include his associated business will be punished."
She brought to everyone's attention the fact that according to Item 2 of Article 25 of Federal Decree-Law No. 28 of 22, anyone who commits tax evasion by one of the following acts shall be penalised with imprisonment and a fine not less than the amount of tax evaded, not exceeding three times, or by one of these two penalties:
- Make a conscientious effort to avoid paying any taxes that are due.
- Deliberately underestimating the true value of his company or revenue, or omitting his linked firm from the calculation.
