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Tax Consultants & Bookkeepers in the UAE

FTA Press Releases

 

Federal Tax Authority: Tax Refunds for Tourists Scheme Ready for Tourists at Abu Dhabi, Dubai and Sharjah International Airports Starting next Sunday

The Federal Tax Authority (FTA) announced that the digital system for the Tax Refunds for Tourists Scheme will be ready to issue and process VAT refund claims for eligible tourists to recover tax incurred on their purchases as of Sunday, November 18, 2018, at Abu Dhabi, Dubai and Sharjah International Airports. Read more...

Federal Tax Authority Sets Requirements for recovering Tax on Entertainment Services for Employees

The Federal Tax Authority (FTA) has determined the “Entertainment Services” supplied to employees, for which registered businesses cannot recover the taxes they incurred, explaining that these are mainly the expenses associated with activities to entertain personnel, such as staff parties that are free to attend. Read more...

Businesses Registered for Tax Urged Not to Disclose Information to Anyone Not Officially Authorised by the Federal Tax Authority

The Federal Tax Authority (FTA) has reiterated its call for registered businesses not to disclose their tax information to any individual or organisation not officially authorised by the FTA to handle this data. Read more...

Federal Tax Authority: Tax Refunds for Tourists Scheme Ready for Tourists at Abu Dhabi, Dubai and Sharjah International Airports Starting next Sunday

The Federal Tax Authority (FTA) announced that the digital system for the Tax Refunds for Tourists Scheme will be ready to issue and process VAT refund claims for eligible tourists to recover tax incurred on their purchases as of Sunday, November 18, 2018, at Abu Dhabi, Dubai and Sharjah International Airports. Read more...

H.H.Hamdan Bin Rashid Issues Decision on Tax Refunds for Tourists Scheme allowing for refund claims to be made as of next Sunday 

His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance, and Chairman of the Board of the Federal Tax Authority (FTA), issued the Decision No. (2) of 2018 on the Tax Refunds for Tourists Scheme, setting out the implementation dates for phases one and two, the procedures for the verification of tourists’ eligibility for the tax refund, the fees charged for refunds and their application, the maximum cash recovery, the minimum value of purchases subject to the refund, and the goods excluded from the refund. Read more...

Federal Tax Authority Holds Meeting on 'Implementation of Indirect Taxes in the UAE'

In the presence of H.E. Jaber Mohammed Ghanem Al Suwaidi, General Director of the Crown Prince Court of Abu Dhabi, and with strong participation from entities concerned with the implementation of the tax system, the Federal Tax Authority (FTA) Director General His Excellency Khalid Ali Al Bustani delivered a comprehensive presentation on “The Implementation of Indirect Tax in the UAE ” at Majlis Al Bateen in Abu Dhabi.  Read more...

Federal Tax Authority: Tourists Can Begin Reclaiming VAT as of November 18 

The Federal Tax Authority (FTA) has announced that Tax Refund for Tourists Scheme goes into effect on November 18, allowing eligible tourists to request refunds of the Value Added Tax (VAT) incurred on their purchases. Read more...

Federal Tax Authority Announces Positive Results for First Year of Excise Tax Implementation

The Federal Tax Authority (FTA) has revealed that compliance with Tax Returns requirements for Excise Tax one year after its introduction in the UAE has amounted to 97.7% of registered businesses – one of the highest rates in the world – while the total number of registrants reached 715 registrants. Read more...

Federal Tax Authority Simplifies VAT Refund Procedures for UAE Nationals Building New Residences

His Excellency Khalid Ali Al Bustani, Director General of the Federal Tax Authority (FTA), has announced that procedures to reclaim Value Added Tax (VAT) for UAE nationals who are building new residences have been simplified with electronic procedures. Read more...

Federal Tax Authority Determines Tax Treatment for Compensation-Type Payments

The Federal Tax Authority (FTA) has issued a public clarification regarding tax treatment of compensation-type payments, noting that Value Added Tax (VAT) is imposed on supplies of goods and services and if any payment does not relate to a supply of goods or services, then the payment is not subject to VAT. Read more...

Federal Tax Authority Urges Registered Businesses to Retain Tax Registration Numbers and Passwords to Meet Tax Obligations

The Federal Tax Authority (FTA) has urged all registered businesses to hold on to their Tax Registration Number (TRN), as well as the email address and password used to sign up for the system, without which they would not be able to undertake any tax-related transactions on the e-Services portal. Read more...

Businesses Registered for Tax Urged Not to Disclose Information to Anyone Not Officially Authorised by the Federal Tax Authority

The Federal Tax Authority (FTA) has reiterated its call for registered businesses not to disclose their tax information to any individual or organisation not officially authorised by the FTA to handle this data. Read more...

Federal Tax Authority Introduces Retailers in Northern Emirates to Simplified Procedure for Registering in the Tax Refunds for Tourists Scheme

The Federal Tax Authority (FTA) held an awareness session in the Emirate of Ajman for retailers and other representatives from the private sector in all Northern Emirates in collaboration with the chambers of commerce, introducing them to the simplified online procedures for registering in the Tax Refunds for Tourists Scheme, which allows eligible visitors to recover the Value Added Tax (VAT) they incurred on their purchases. Read more...

Federal Tax Authority Sets Requirements for recovering Tax on Entertainment Services for Employees

The Federal Tax Authority (FTA) has determined the “Entertainment Services” supplied to employees, for which registered businesses cannot recover the taxes they incurred, explaining that these are mainly the expenses associated with activities to entertain personnel, such as staff parties that are free to attend. Read more...

Federal Tax Authority Urges All Retail Companies to Register and Connect to the Digital System of Its "Tax Refund Scheme for Tourists"

The Federal Tax Authority (FTA) has invited retailers, outlets and shops registered for Value Added Tax (VAT) to register in the digital system of the Tax Refund Scheme for Tourists, which will come into effect as of the fourth quarter of this year. Read more...

Federal Tax Authority: Digital Tax Stamp Scheme for Tobacco Establishes Accurate and Effective Control System

The Federal Tax Authority (FTA) asserted that Cabinet Decision No. (42) of 2018 On Marking Tobacco and Tobacco Products establishes an accurate and effective control system allowing the Authority to efficiently collect taxes, ensure transparency and combat tax evasion. Read more...

Federal Tax Authority Announces Start of Retailer Registration for the Tourists Refund Scheme

Following the announcement of the implementation of the Tourist Refund Scheme FTA has taken a significant step forward and registration process for retailers is due to open next week. The procedure involves linking shops and other points of sale to establish the operational capacity of the new system, which comes into effect in last quarter this year. Read more...