Browsing: Federal Tax Authority

As part of its continued efforts to enhance transparency and ensure robust financial reporting standards for businesses operating in the United Arab Emirates (UAE) under the Corporate Tax regime, the Ministry of Finance has issued an updated Ministerial Decision clarifying the requirements for the preparation and maintenance of audited financial statements in accordance with Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (“Corporate Tax Law”).

The UAE Ministry of Finance has taken a major step in enhancing the country’s eInvoicing…

The Federal Tax Authority (FTA) has reminded taxpayers who have yet to update their tax records to take advantage of the extended grace period, allowing submissions until the end of March 2025 without facing administrative penalties.

The UAE Federal Tax Authority (FTA) recently organized the InnoTAX 2025 AI Hackathon in Dubai.…

The UAE has stepped up its efforts to combat tax evasion, conducting 93,000 tax inspections…

Individuals running a one-person business must register for corporate tax by March 31, 2025, as per the Federal Tax Authority’s (FTA) reminder.

The UAE continues to enhance its tax refund services, granting $790 million in VAT refunds…

The UAE Federal Tax Authority (FTA) has outlined penalties for taxpayers failing to meet their…

On October 24, 2024, the UAE’s Ministry of Finance (MoF) introduced an e-invoicing portal aimed…

The UAE is set to implement significant updates to its Value Added Tax (VAT) system,…