DUBAI, 20th April, 2022 (WAM) In its second meeting of the year, the Board of Directors of the Federal Tax Authority (FTA) – chaired by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Chairman of the FTA Board of Directors – adopted the FTA’s financial statements for 2021.
During the meeting held today at the Authority’s headquarters in Dubai, the Board reviewed a report on the FTA’s plans to develop and enhance.
ABU DHABI, 10th April, 2022 (WAM) An official delegation from the Kingdom of Bahrain was briefed on the UAE’s Marking Tobacco and Tobacco Products Scheme. The system, which the Federal Tax Authority enforces, enables the tracking of tobacco products electronically through Digital Tax Stamps in order to combat tax evasion, protect consumers from commercial fraud, prevent illegal and nonconforming products from being sold in local markets, and ensure the collection of taxes due on all tobacco products traded in the country.
This was reviewed.
FTA conducts 2,707 field inspection visits
ABU DHABI, 2 hours, 3 minutes ago The Federal Tax Authority (FTA) has conducted more than 2,707 field inspection visits in cooperation with the competent authorities through 35 inspection campaigns across UAE markets in the first quarter of 2021. FTA Director-General, Khalid Ali Al Bustani, confirmed that the sophisticated, cutting-edge tools adopted by the Authority during inspections enable inspection teams to d accurately carry out their tasks through the latest field electronic mechanisms which correspond to best practices. This contributes to tightening controls on UAE markets to prevent the sale, circulation, and stockpiling of products that have not fulfilled their Excise or Value Added Tax (VAT) obligations.
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(MENAFN - Khaleej Times) The Federal Tax Authority (FTA) has conducted more than 2,707 field inspection visits in cooperation with various authorities through 35 inspection campaigns across UAE markets in the first quarter of 2021, as part of its ongoing oversight efforts to protect consumer rights and increase the level of tax compliance.
FTA director general, Khalid Ali Al Bustani, confirmed that the sophisticated, cutting-edge tools adopted by the Authority during inspections enable inspection teams to d accurately carry out their tasks through the latest field electronic mechanisms which correspond to best practices. This contributes to tightening controls on UAE markets to prevent the sale, circulation, and stockpiling of products that have not fulfilled their Excise or Value Added Tax (VAT) obligations.