United Arab Emirates MOF Announces Amendments to Cabinet Decision on Tax Procedures, in English

The Emirati Ministry of Finance April 1 announced, in English, amendments to Cabinet Decision No. 74/2023 that reflect changes made under Federal Decree-Law No. 28/2022, which entered into force Jan. 1. The amendments include measures: 1) clarifying the procedures for filing voluntary disclosures, in accordance with amendments to the specified provisions of the Tax Procedures Law; 2) specifying that refund procedures apply to any credit balance in a taxpayer’s favor; 3) revising mechanisms for disclosure to competent authorities, reaffirming data protection and setting the scope and limitations of data use; 4) extending, by two years, the record retention period for ...