🇦🇪UAE

غرامات مخالفة WPS و VAT في معالجة المدفوعات

2 verified sources

Definition

Failure to process contractor payments through Wages Protection System (WPS) or correctly apply 5% VAT results in statutory fines during FTA audits.

Key Findings

  • Financial Impact: AED 5,000 - 50,000 per violation; AED 20,000 typical annual fines for repeat offenders
  • Frequency: Per delayed payment cycle (bi-monthly)
  • Root Cause: Manual verification delays and lack of WPS/FTA integration in payment processing

Why This Matters

This pain point represents a significant opportunity for B2B solutions targeting Think Tanks.

Affected Stakeholders

Finance Managers, HR Payroll, Accountants

Deep Analysis (Premium)

Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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