federal tax authority fta

The Federal Tax Authority (FTA) was established in 2016. The authority takes charge of managing and collecting federal taxes and related fines, as well as distributing tax-generated revenues and applying the tax-related procedures in the UAE. The FTA works alongside the Ministry of Finance in its drive to achieve economic diversification in the UAE, with a focus on profits derived from non-oil sources.

UAE Federal Tax Authority offers grace period for taxpayers falling behind on updating their tax registration
Banking & Finance

UAE Federal Tax Authority offers grace period for taxpayers falling behind on updating their tax registration

This measure allows updates without penalties for failing to notify the FTA 

UAE’s FTA extends deadlines for corporate tax return filing, payment for specific tax periods

UAE’s FTA extends deadlines for corporate tax return filing, payment for specific tax periods

The extension applies to short Tax Periods that conclude on or before February 29, 2024