Abu Dhabi – Mubasher: All businesses registered with the UAE's Federal Tax Authority (FTA), whose first tax period ends on 31 January 2018, must file their returns for the first tax period prior to 28 February 2018, FTA’s director general Khalid Ali Al Bustani stated on Sunday.
The FTA set up integrated electronic systems to enable taxable people to register, file tax returns, and pay their due taxes, Al Bustani added, noting that returns must be submitted on a monthly or quarterly basis.
“The Federal Tax Authority had made some exceptional adjustments to the first tax periods for VAT in order to afford more flexibility to businesses following requests from a large number of businesses subject to VAT,” Al Bustani commented.
“Taxable persons must comply with tax laws, submit tax returns, pay their due taxes within the specified timeframes, and keep records as required in tax legislation in order to avoid penalties,” the top official added.
The returns’ submittal is to be conducted via e-Services portal on the FTA’s official website.
