On 28 July 2023 MoF issued Cabinet Decision No. 74 on executive regulations of Federal Decree Law No. (28) of 2022 on Tax Procedures. It states the regulations related to following:
- Keeping Records , Period of Record Keeping, method of keeping accounting records and commercial books.
- The Procedures of Tax Registration, Deregistration and Amendment of Registration Data.
- Obligations of Licensing Authorities in the UAE, Legal Representative
- Allocation of Payments and Credit
- Submission of Voluntary Disclosure
- Means of notification
- Conditions and Controls for Registration of Tax Agents
- Procedures for Tax Agent Listing and Delisting in the Register
- Obligations and Rights of Tax Agents
- Conducting Tax Audit, Notice of Tax Audit, Tax Audit Procedures, Results of the Tax Audit
- Seizure and Retain of Documents and Assets
- Tax Assessments, Administrative Penalties Assessment
- Procedures and Measures
- Reconciliation in Tax Evasion Crimes, Conditions, Controls and Procedures for
Reconciliation, Extension of Deadlines, Tax Refund Procedures
This decision shall come into effect as of 1 August 2023.