There are no annual filing fees for companies operating in Dubai as long as they have cleared all their taxes and have no outstanding debts. Registering a company for VAT if it qualifies for the voluntary or mandatory threshold is also free. However, if you need your VAT registration certificate attested, a fee of Dhs500 applies. Here are some penalties related to profit and VAT tax violations: Failure to register: Dhs20,000 Late VAT filing: Dhs1,000 for the first time and Dhs2,000 if the offense is repeated within 24 months Non-disclosure of import tax: 50 percent of the outstanding tax (plus you must clear the unpaid tax) Declaring the wrong returns: Dhs3,000 for the first time and Dhs5,000 if the offense is repeated Not maintaining proper records: Dsh10,000 for the first time and Dhs50,000 if the offense is repeated Failing to disclose any error on the records: Dhs5,000 for the first time and Dhs15,000 if the offense is repeated.