VAt penalty

Under what situations can a VAT penalty be imposed?

Mahnaz Dana23/07/2019 15:46:45

Penalties will be imposed for non-compliance. Examples of actions and omissions that may give raise to penalties include: A person failing to register when required to do so; A person failing to submit a tax return or make a payment within the required period; A person failing to keep the records required under the issued tax legislation; Tax evasion offences where a person performs a deliberate act or omission with the intention of violating the provisions of the issued tax legislation.

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