The Cabinet issued Decision No. (36) of 2017 on the Executive Regulation of Federal Law No. (7) of 2017 on Tax Procedures, on 24th September 2017. The law specifies a number of provisions including keeping accounting records and commercial books related to tax purposes, as well as period of record-keeping mechanism and saving. In addition, tax declaration, data, information, records and other documents related to any tax shall be submitted to the Authority in Arabic, as per the mechanism specified by the tax law.
The executive regulation outlines procedures with regards to registration and de-registration for tax purposes and amending details of registration, tax obligations, voluntary disclosure, tax notification and tax agents. It also specifies the various elements involved in tax audits, rights to conduct tax audit, and audit notice, as well as the power to remove and retain original documents or assets or make copies, and the power to mark assets and record information.
The regulation clarifies the rules for tax and administrative penalties assessments, tax refund, bankruptcy cases, disclosure of information, and the reduction in or exemption from administrative penalties. This decision shall be published in the Official Gazette and shall come into effect from the date of its issuance.
The Cabinet Decision No. (36) of 2017 on the Executive Regulation of Federal Law No. (7) of 2017 on Tax Procedures