The UAE government has recently released a new Taxpayers Bulletin, providing important updates and information for taxpayers in the country. The bulletin includes details on changes to tax laws, deadlines for filing taxes, and important reminders for taxpayers to ensure compliance with tax regulations.
Some of the key updates in the latest Taxpayers Bulletin include:
- Changes to the VAT law, including updates on the VAT rate and exemptions
- Deadlines for filing tax returns and making tax payments
- Information on tax incentives and relief measures available to taxpayers
- Guidance on how to register for tax and comply with tax obligations
- Updates on tax audits and penalties for non-compliance
Taxpayers are advised to regularly check the Taxpayers Bulletin for the latest updates and information to stay informed about their tax obligations in the UAE. Failure to comply with tax laws can result in penalties and fines, so it is important for taxpayers to stay up to date with the latest regulations.
Federal Tax Authority earns ISO Certificate for implementing International Standard in its innovation management system.
-Last Update 9 February, 2024
The Federal Tax Authority has earned an ISO Certificate for implementing an International Standard in its innovation management system. This certification demonstrates the authority's commitment to excellence and continuous improvement in its processes and operations. The ISO Certificate is a testament to the authority's dedication to adopting best practices and ensuring efficiency in its innovation management system. This achievement will further enhance the authority's reputation and credibility in the field of taxation and will contribute to its overall success in serving the public and promoting compliance with tax laws.
FTA launches 2nd phase of Corporate Tax awareness campaign with workshop for SMEs in Abu Dhabi
Last Update: 6 February 2024 , Abu Dhabi:
The Federal Tax Authority (FTA) has announced the launch of the second phase of its Corporate Tax awareness campaign, with a workshop specifically tailored for small and medium-sized enterprises (SMEs) in Abu Dhabi.
The workshop aims to educate SMEs about the importance of complying with Corporate Tax regulations and to provide them with the necessary tools and information to navigate the tax system effectively. It will cover topics such as the filing process, tax obligations, and penalties for non-compliance.
The FTA has been working to raise awareness about Corporate Tax among businesses in the UAE since its introduction in 2018. The first phase of the campaign targeted larger companies, and the second phase is now focusing on SMEs, which form a significant portion of the UAE's business landscape.
The workshop is part of the FTA's ongoing efforts to support businesses in understanding and complying with the tax laws in the UAE. The Authority has encouraged all SMEs to attend the workshop and take advantage of the resources available to them to ensure they are fully compliant with Corporate Tax regulations.
For more information, taxpayers can visit the Chrysalis Serve. Our tax consultant will help you for personalized guidance on your tax obligations.