Picture used for illustrative purpose only.
In response to reports that some bank customers have been receiving emails from unidentified sources impersonating banks and financial institutions requesting personal data in the promise of helping them claim their Value Added Tax's (VAT), the Federal Tax Authority (FTA) reaffirmed that tax refunds are processed only through the Authority's official website.
In a press statement issued on Tuesday, the Authority noted that some recipients have been asked to provide personal data, including names, credit card numbers, and PIN codes, claiming that providing the information will allow them to recover Value Added Tax.
"Refunding taxes for legally eligible applicants is a direct transaction between the registered business and the FTA, and does not call for any intermediaries," the Authority said.
"The process is completed via advanced electronic systems, available on the FTA’s official website, which include security features for financial transactions. It is done through official channels using the International Bank Account Number (IBAN), and via systems under the authority of - and electronically linked to - the UAE Central Bank."
The Authority added that all of these official systems involve dealing directly with the FTA using Tax Registration Numbers.
"They stand out for their accuracy, confidentiality, and data security, in addition to being inaccessible via email or any other medium that may be prone to piracy and hacking," the statement said.
The FTA went on to reiterate its warning to all registered businesses, calling on them to remain vigilant and maintain the confidentiality of their personal data.
It also said that all transactions - registration, submitting tax returns, refunding tax for eligible candidates, etc. - can be completed with a few simple steps via the e-Services portal, available 24/7 on the FTA website: www.tax.gov.ae.
A new shipment of cigarette packets marked with the Digital Tax Stamps approved by the Federal Tax Authority (FTA) has made it to Dubai. The Stamps will be electronically tracked to ensure Excise Tax due on tobacco products has been settled. In a press statement issued on Saturday,
UAE has set a daily maximum limit of Dhs7,000 for cash refunds of Value Added Tax (VAT) for tourists applying through the Tax Refunds for Tourists Scheme.
The Federal Tax Authority (FTA) has launched its comprehensive awareness campaign, which seeks to introduce the objectives and procedures of the expansion of Excise Tax, and requirements for registering in the FTA’s electronic system.
The first half of 2019 saw the number of authorised Tax Agents increase by more than 110 per cent to exceed 370 Agents, up from 176 by the end of 2018, asserted the Federal Tax Authority (FTA) as it hosted the second Meeting of Tax Agents.
Emaar Development , the UAE build-to-sell property development business majority-owned by Emaar Properties, reported on Thursday the financial results for the nine-month ending 30th September 2019.
With electrification and automation emerging as the core of all discussions taking place at this year’s edition of the Dubai International Motor Show, battery-powered cars are taking the motoring industry by storm.
Under the patronage of Prince Salman Bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, Investcorp opened its Investors Conference at a hotel in Bahrain.
Etihad Airways and Pakistan International Airlines (PIA) have relaunched their codeshare partnership to provide their customers with greater access to both airlines’ trunk routes between the UAE and Pakistan, and on Etihad services across its global network.