The first workshop on FTAs to 2023 was recently held.
The Federal Tax Authority (FTA) has launched the ‘Tax Support’ initiative to raise tax awareness among UAE business sectors through direct and ongoing contact as a means of enhancing compliance with tax laws and regulations .
The first workshop in 2023 under this initiative was held on 24th and 25th January as a collaboration between the FTA and the Ontime Business Solutions Center in Oudmeta, Dubai.
The officials said the work of the “Tax Assistance” initiative will continue throughout the year and cover all seven emirates, in collaboration with relevant government and private sector centers and bodies. with a comprehensive timeline. This initiative is aimed at taxpayers and, in addition to directing them to available tax guidelines in response to taxpayer inquiries and comments, aims to increase tax compliance rates and awareness in the UAE. to facilitate the tax payment process. and guide them along the right path.
At a workshop held at the On Time Business Solutions Center in Oud Mesa, Dubai, the Federal Tax Authority provided FTA teams with knowledge and support to answer business owners’ questions and overcome obstacles they face during the online registration process. announced that it provided File tax returns, pay unpaid taxes, and collect amounts eligible for refund.
The authorities explained that these sessions are organized in collaboration with relevant authorities and strategic partners. These stakeholders are calling on the business sector to participate in the activities of the “Tax Assistance” initiative. Additionally, FTA broadcasts many of these workshops via its social networking site, allowing more people and businesses to benefit from the seminars.
The Federal Tax Administration invited the business sector to a session of the “Tax Support” initiative to take advantage of expert advice and raise comments and questions for the FTA team to respond and clarify. The authorities underscored their commitment to coordinate with relevant federal and local authorities to further develop cooperation mechanisms. Raise awareness among various stakeholder groups. Ensure maximum transparency, clarity and accuracy of information. Efficiently answer queries to improve tax law compliance and avoid violations.
FTAs raise awareness of tax law and related enforcement and oversight mechanisms, as well as facilities provided by authorities to assist taxpayers in complying with regulations with little or no impact on taxpayer regulation. To that end, we are strengthening our coordination meetings and awareness programs. activity.
The Federal Tax Authority was established by Federal Decree No. 13 of 2016 to help diversify the UAE’s national economy and increase non-oil income through administration and collection of federal taxes based on international best practices and standards. I am supporting. It also includes providing every means to help taxpayers comply with tax laws and procedures. Since its launch in 2017, the FTA has worked with competent authorities to establish a comprehensive and balanced system, making the UAE one of the first countries in the world to implement a complete electronic tax system that facilitates voluntary compliance. I have promised to do one. Procedures based on the highest standards of transparency and accuracy.
Meanwhile, the Federal Tax Authority (FTA) has launched early corporate tax registration through EmaraTax, the UAE’s digital tax services platform.
This measure is in line with Federal Decree No. 47 of 2022 on Taxation of Corporations and Businesses (Corporate Tax Law), which allows taxable persons to be subject to corporate tax from the beginning of the first financial year they begin. It is stipulated. After June 1, 2023.
The authorities explained that early registration is available from January 2023 to May 2023 for certain categories of companies operating in the UAE. These selected companies will receive an invitation from the FTA via email and SMS and will be able to register via the EmaraTax platform.
After this phase, the FTA will announce at a later date when registrations for other companies and firms will begin. FTAs allow sufficient time for businesses and companies to apply for registration and fulfill their legal obligations. Once registration opens, preference will be given to companies and firms whose fiscal year begins on his June 1, 2023.
FTA Secretary General Khalid Ali Al Bustani said: Ensuring the efficiency, accuracy and seamlessness of administrative procedures in a manner that does not impact business operations or flows. ”
