The FTA clarified that this exemption applies only to the first tax period of the taxable person
Businesses operating in UAE free zones must review the FTA’s latest guidelines to ensure compliance and take advantage of the 0 per cent corporate tax rate on qualifying income
Failure to comply with the tax deadlines could result in hefty fines
The penalty was implemented to prompt taxpayer compliance with tax laws through timely corporate tax registration
The FTA’s new guidelines offer clarity for non-resident persons, who derive income in the UAE, or those who conduct business or part of their business in the UAE
The package offers a variety of features and incentives that can help SMEs save money and get help with tax compliance
The new feature forms part of the steps the FTA has taken to ensure a smooth implementation of the corporate tax law
The authority is encouraging FTA customers to use the new feature and activate their UAE Pass accounts to access the authority’s services quickly and seamlessly
The Federal Tax Authority said the early registration is open from January to May for certain categories of companies operating in the UAE
The eDirham system will be replaced with Magnati, the smart payment option from First Abu Dhabi Bank
The 100 per cent paperless process is expected to save more than 16,800 trees per year and more than 4,000 tonnes of carbon dioxide emissions
Inspections conducted in the first half of 2022 increased by 104 per cent compared to 4,878 conducted in 2021
Effective from April 15, Raqeeb grants the informants with monetary rewards if the report leads the FTA to collect tax worth more than Dhs50,000
The ban will now go into effect from January 1, 2021