by PREMA Team | Nov 7, 2024 | Corporate Tax, Other Tax, VAT
The UAE has offered a grace period to taxpayers to help them avoid fines and penalties resulting from tax records. The Federal Tax Authority (FTA) announced a new decision to support businesses in efficiently meeting their tax obligations, offering...
by PREMA Team | Oct 16, 2024 | Business, Corporate Tax, Other Tax, VAT
Dubai real estate tax rules will be made clearer as the Land Department teams up with Federal Tax Authority to streamline VAT collection on property sales. The Federal Tax Authority (FTA) and the Dubai Land Department have strengthened their strategic...
by Danissa Guotana | Apr 2, 2024 | Corporate Tax, Other Tax, VAT
ABU DHABI, 1st April, 2024 (WAM) — The Federal Tax Authority (FTA) asserted that providing the EmaraTax app for smart tax services to users was a landmark step towards enhancing the quality of the Authority’s services. The FTA noted that the app, launched in...
by PREMA Team | Mar 26, 2024 | Corporate Tax, Other Tax, VAT
The tax authority reduced the processing time for the tax refund for UAE nationals building new residences The UAE Federal Tax Authority (FTA) announced upgrading three key services, including that for issuing tax certificates, under the ‘Government...
by PREMA Team | Mar 25, 2024 | Business, Other Tax
Dubai: The UAE’s Federal Tax Authority has upgraded three of its services, including that related to issuing tax certificates. Thus, the number of documents needed for the tax certificate issuance service has been cut to five from six earlier, while reducing the...
by Danissa Guotana | Mar 8, 2024 | Business, Other Tax
Dubai has announced a new tax to be levied on foreign banks in the city. In his capacity as the Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Law No. (1) of 2024 on taxation of foreign banks. The Law...
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