“The Federal Taxes” shows the fine of the tax that has not been paid

The Federal Tax Authority explained that the failure of the one who is subject to the corporate tax payment of the payment tax for each month or part of the month will be subjected to a monthly fine of 14% annually, imposes on the amount of the payment tax that was not paid from the day following the date of the payment due and on the same date monthly after that after that .

The authority indicated in a press statement today that, for the purposes of this fine, the payment is due to a maximum of 9 months from the date of the end of the relevant tax period, according to the decree of the Federal Law No. 47 of 2022 regarding the tax on companies and business and its amendments.