by PREMA Team | Sep 23, 2024 | Corporate Tax, VAT
Dubai: Compliance with UAE’s excise and value-added tax (VAT) laws has more than doubled in the first six months of the year, but violations have also surged, according to the Federal Tax Authority (FTA) During this period, the regulator found 30,710 establishments to...
by PREMA Team | Aug 9, 2024 | Corporate Tax, VAT
In accordance with Federal Decree-Law No. 8 of 2017 on Value Added Tax and subsequent Cabinet Decisions, specific designated zones in the UAE are treated as outside the UAE for VAT purposes. This status provides significant tax benefits for businesses operating within...
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 | Feb 16, 2024 | Other Tax, VAT
The UAE is not planning to introduce any changes in its corporate tax structure this year. Neither will it implement an income tax nor raise the value added tax (VAT), Younis Haji Al Khouri, Undersecretary of the Ministry of Finance, told Zawya. “We have...
by Danissa Guotana | May 1, 2023 | Business, Corporate Tax, Other Tax, VAT
The Federal Tax Authority (FTA) will launch four transformative projects aimed at enhancing the UAE’s competitiveness and realising its vision for the future. A Muwafaq package is designed to boost ease of doing business and tax compliance of small and medium-sized...
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