DUBAI: The Federal Tax Authority (FTA) in the United Arab Emirates has produced a guide advising companies on the process for filing tax returns online, following last month’s introduction of value-added tax (VAT). The authority said its campaign will feature on digital, social and other media channels and is aimed at introducing its new online tax returns system, which went live earlier this month, to businesses who have registered for VAT. It sets out the four steps (highlighted in the infographic below) that companies need to take in order to file their returns online.
Companies are expected to file VAT returns either on a monthly or quarterly basis. Larger businesses are expected to file monthly, and need to submit their first return for January by the end of February. Khalid Al Bustani, FTA director-general, said that the success of the UAE’s tax system was a shared responsibility requiring strategic collaboration between public and private sectors.
Khunjerab becomes Trade Powerhouse as Pakistan earns Rs15b from Chinese imports
LAHORE: Pakistan’s northern trade gateway witnessed record-breaking performance, with Customs authorities collecting nearly Rs15 billion in revenue from imports through...
