The Federal Tax Authority (FTA) is the government agency in the United Arab Emirates responsible for administering and collecting taxes. The FTA was established in 2016 and is headquartered in Dubai.
The FTA is responsible for administering the following taxes:
Value Added Tax (VAT)
Excise Tax
Corporate Tax
The FTA provides a range of services to taxpayers, including:
Tax registration
Tax filing and payment
Tax refunds
Tax advisory services
The FTA also has a number of educational resources available to taxpayers, including online courses, guides, and videos.
Here are some of the key responsibilities of the FTA in the UAE:
Develop and implement tax policies and procedures
Administer and collect taxes
Provide taxpayer support services
Educate taxpayers about their tax obligations
Enforce tax laws
The FTA plays an important role in the UAE economy by generating revenue for the government to fund essential services and infrastructure. The FTA also helps to create a more competitive and efficient business environment by ensuring that all businesses pay their fair share of tax.
Here are some of the benefits of registering for VAT in the UAE:
Access to the VAT refund scheme
Ability to claim input tax credits
Increased credibility and competitiveness in the global market
Improved cash flow management
If you are a business operating in the UAE, it is important to register for VAT and comply with all applicable tax laws. The FTA provides a range of resources and services to help businesses do this.