Monday 24 June 2019
 
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New entity to handle tax refunds at Dubai airport

Planet, a new entity recently appointed by the UAE’s Federal Tax Authority (FTA) will operate the Tourist Refund Scheme (TRS) at Dubai International (DXB), said a statement from Dubai Airports. This closely follows the recen

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Tourists can reclaim VAT from November 18, says UAE

UAE’s 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. The

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UAE sees excise tax compliance at over 97pc

The UAE’s Federal Tax Authority (FTA) said that compliance with tax returns requirements for excise tax one year after its introduction in the UAE has amounted to 97.7 per cent of registered businesses – one of the highest rates in t

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UAE clarifies tax for 'compensation-type payments'

UAE’s 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

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UAE to block ships from blacklisted countries

Emirates Classification Society (Tasneef) said that it is ready for the decision the Federal Transport Authority – Land and Maritime (FTA) prohibiting vessels carrying flags of countries that are blacklisted by maritime authorities to ente

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UAE scheme to refund VAT to tourists on track

The UAE’s the Federal Tax Authority (FTA) said that a project that returns value-added tax (VAT) to tourists is in its final preparation stages, where an advanced system will be put in place to corresponds with international best practices

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UAE urges judicious use of voluntary disclosure form

UAE’s Federal Tax Authority (FTA) has called on all registered businesses not to use the voluntary disclosure form indiscriminately. The FTA has advised that it must be submitted to the Authority only in case of actual error

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UAE launches new e-services for taxable persons

UAE’s Federal Tax Authority (FTA) has developed its e-services to include new features allowing taxable persons to link their accounts with an accredited tax agency, authorising it to carry out registration procedures, submit tax returns,

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UAE Exchange to accept VAT payments

UAE Exchange, a leading money transfer, foreign exchange and payment solutions brand in the country, has started accepting Value Added Tax (VAT) payments on behalf of the Federal Tax Authority (FTA). All entities registered with t

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UAE to cut VAT impact on gold, diamond dealers

UAE’s Federal Tax Authority, FTA, said that the new Cabinet Decision issued to regulate value-added tax (VAT) incurred by gold and diamond dealers improves their cash flow and reduces their tax burden. UAE’s Federal Ta

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