+971 4 327 7775 dubai@hlbhamt.com
VAT in UAEPOST-VAT DO’S AND DON’TS
Why you Should Hire a Tax Agent in UAE?
commercial fine in dubai

50% Reduction on Commercial Fines in Dubai

The Commercial Compliance & Consumer Protection (CCCP) sector at the Department of Economic Development (DED) has announced a reduction in commercial fines by 50 %. Only the first fine issued in a calendar year will be able to avail the offer.

Unlike in the past one need not request for a settlement; the trader will receive a sms notification notifying the discount, once the commercial violation is entered in the system.

According to Mohammed Ali Rashid Lootah, CEO of CCCP, “The Department of Economic Development is proud to launch initiatives based on the vision and directives of our leadership, especially when 2019 begins as the Year of Tolerance. We want to provide best quality services to as many businesses as possible in Dubai. The automatic fine settlement facility will contribute to enhancing happiness in Dubai and the emirate’s position across global competitiveness indicators.”

He further added, “The net value of fines settled under the 50 per cent reduction in 2017-2018 was Dh23.4 million. We believe that the new automated system will be smoother and more flexible as it will automatically adjust the fines and benefit more business owners.”

The Commercial Compliance & Consumer Protection plans to come up with numerous services and initiatives to build a better working business environment in UAE. The government of UAE has been implementing various strategies to make the country business-friendly, which has helped it evolve as a major international hub for business.

RELATED POSTS

Leave a comment

Your email address will not be published. Required fields are marked *

Mobile:
+971 50 749 0576

Phone:
+971 4 327 7775

Fax:
+971 4 327 7677