The Federal Tax Authority will get tough on companies, which are obliged to register for value-added tax (VAT) but have not done so from next month, said a senior official. Khalid Ali Al Bustani, director general, Federal Tax Authority, said during a media briefing on Wednesday that the postponement of the penalty for late registration […]
Courtesy: Khaleej Times The Federal Tax Authority (FTA) and Dubai Land Department (DLD) have confirmed that the UAE’s recently introduced value-added tax (VAT) will have a limited impact on the real estate sector. In a statement on Tuesday, FTA and DLD said all real estate transactions, with the exception of the sale of vacant commercial […]
Over 260,000 companies and over 10,000 groups (one or two companies in a group) have registered for value added tax since it came into effect earlier this month, director general of federal tax authority Khalid al Bustani said in Abu Dhabi on Tuesday. “We are satisfied with the implementation of VAT registration so far. […]