UAE doubles tax inspections in first half of 2022
The Gulf state is seeking to increase its financial transparency and boost tax revenue.
The United Arab Emirates significantly increased its investigations into tax violations in the first half of the year.
During the first six months of 2020, the UAE Federal Tax Authority conducted 9,948 inspection visits, a 104% increase over the same period in 2021. During the inspections, the authority found $35.50 million in tax liabilities, particularly a large number of tobacco products — 5.5. million in total — not bearing the country’s Digital Tax Stamps, according to a press release.
