The FTA also clarified that it is essential for taxable persons to pay their due payable tax before the due date to avoid any late payment penalties.
The Federal Tax Authority (FTA) has intensified its inspection campaigns in the local markets in collaboration with the Ministry of Economy, the Federal Customs Authority
Khalid Al Bustani called on tax registrants to take advantage of the important benefits provided by the new amendment as it provides more relief to business sectors in order to support their effective contribution to boosting the national economy's growth.
The Federal Tax Authority (FTA) has called on tax registrants in the UAE to benefit from the penalty redetermination scheme introduced by Cabinet Decision No. 49 of 2021
The Federal Tax Authority also called on consumers to ensure that there are digital tax stamps on tobacco packages that they are buying and inform the competent regulatory authorities should they discover any violating dealers.
The US economy grew faster than expected in the fourth quarter, but that likely exaggerates the nation’s health as a measure of domestic demand rose at its slowest pace in 2-1/2 years,
Emirates Global Aluminium (EGA), the world’s biggest ‘premium aluminium’ producer, supplied 203 thousand tonnes of waste to other industries as feedstock in 2022.
Shares in India’s Adani Group plunged up to 20% on Friday and the company said it was considering legal action against US-based short-selling firm Hindenburg Research for allegations