ABU DHABI: The Federal Tax Authority (FTA) has urged Resident Juridical Persons with Licenses issued in October and November, irrespective of the year of issuance, to promptly submit their Corporate Tax registration application no later than November 30, 2024. In a press statement issued today, the FTA advised Taxable Persons to adhere to the timelines […]
ABU DHABI: The Federal Tax Authority (FTA) has extended the deadline for filing Corporate Tax Returns and settling taxes to 31st December 2024. This applies to short Tax Periods ending on or before 29th February 2024.The FTA’s Decision No. 7 of 2024 aims to support businesses facing shorter tax periods, especially new businesses. Khaled Ali […]
The growth in tax refund requests from tourists follows a boom in the tourism sector and an upgrade to the digital tax refund system. Abu Dhabi: The Federal Tax Authority (FTA) asserted there has been considerable growth in the volume of transactions processed through the digital Value Added Tax (VAT) refund system for tourists in […]
ABU DHABI: The Federal Tax Authority (FTA) intensified its Corporate Tax compliance awareness activities and events this year, organised to highlight the importance, objectives, procedures, and requirements for complying with the Corporate Tax Law, which came into effect last year and applies to financial years beginning on or after 1st June 2023. In a press […]
ABU DHABI: The Federal Tax Authority (FTA) has ramped up market inspections to fight tax evasion and ensure compliance. In the first half of 2024, the FTA conducted 40,580 inspections across the UAE included tobacco products, a 134% increase from the same period in 2023. These visits focus on enforcing tax laws, preventing the sale […]
Dubai: The Federal Tax Authority (FTA), in partnership with Planet Tax-Free, launched a 100 per cent digital VAT-refund scheme for tourists. The announcement was made at a joint press conference in the presence of Khalid Ali Al Bustani, FTA Director-General, and Eyad Al Kourdi, General Manager of Planet Tax-Free, the operator of the tax refund […]
