News, Software

UAE owns region’s most comprehensive electronic tax system

electronic tax system
(For illustrative purposes only)

The UAE has the most comprehensive electronic tax system in the region, said the Federal Tax Authority, FTA, during an introductory workshop it organised at the Department of Economic Development of Ras al-Khaimah.

The system facilitates the processing of taxes transparently and efficiently, boosting confidence in the tax regulations and ensuring widespread tax compliance, the FTA added.

According to a report by WAM, the event titled ‘Objectives and Procedures for Implementing Value Added Tax‘, the event looked into roadmaps and mechanisms that will ensure a smooth roll-out of the tax system across the UAE.

The seminar was organised as part of the authority’s comprehensive awareness campaign, which includes a series of workshops and seminars on the principles of the tax system and its executive and control regulations, which target the public and private sectors alike, including departments of economic affairs; advisory bodies; chambers of commerce and industry; large, medium and small companies; and all parties involved in the implementation of the tax system.

During the workshop, FTA representatives offered a detailed explanation of the procedures to implement value added tax, as well as the framework for cooperation and coordination between the Authority and its strategic partners in the public and private sectors.

The representatives went on to note that the Authority has employed modern technologies to facilitate the VAT registration process, and the issuance of tax registration numbers, TRN, informing attendees that registration in the system is free and available round the clock through the FTA website’s e-Services portal.

The registration procedure is straightforward: once on the website’s eServices portal, users can simply click “Register” and then verify their logins through a verification email sent to their address.

The Authority staff conducting the workshop urged attendees to ensure the accuracy of the information provided when registering in the system or submitting tax returns.

The workshop is part of the Federal Tax Authority’s comprehensive awareness campaign, according to WAM. The campaign seeks to introduce all segments of society to the tax system, its objectives and procedures, as well as its positive impact on governmental development projects and the quality of services targeting the public.

The Federal Tax Authority has held a number of seminars and workshops this month about the UAE tax system for representatives from Abu Dhabi’s Department of Economic Development and the Department of Economic Development in Dubai, as well as for specialists in the of shipping, customs clearance and logistics sectors.

Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


The free newsletter covering the top industry headlines