UAE reduces penalties on VAT and Excise Tax!!! COVID-19 Impact: UAE reduces penalties on VAT and Excise Tax. The UAE has reduced old penalties on VAT and excise tax to help businesses and individuals to get through the impact of the Covid-19 pandemic. According to newly-released Cabinet Decision No. 49 of 2021, taxpayers who currently … Continue reading COVID Impact: UAE reduces penalties on VAT and Excise Tax