The UAE's Federal Tax Authority is calling on all registered businesses to file their Value Added Tax returns by the deadline of June 28 to avoid financial penalties.
The FTA has already started to receive businesses' VAT returns for the tax period ending May 31 via the e-services portal on its website, according to the Emirates' state news agency Wam. The site provides flexible payment options and is designed to help businesses comply with tax deadlines.
The authority has simplified the process of submitting tax returns and paying taxes through the electronic services on its website, said Khalid Ali Al Bustani, FTA director general.
The UAE and Saudi Arabia both started imposing VAT on the sale of goods and services from January 1. The move is aimed at helping Arabian Gulf economies increase non-oil revenues and offset the effects of the three-year oil-price slump, which has reduced government income from hydrocarbons and has widened the fiscal deficit.
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Read more:
FTA: More than 275,000 businesses registered for VAT
Businesses have yet to register for VAT, Federal Tax Authority says
UAE's FTA extends penalty exemptions period for late VAT registrants to April
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Mr Al Bustani said there was a high level of commitment from businesses shown to date in filing returns and the payment of taxes within the VAT system.
The FTA emphasised the importance of submitting returns by the specified deadline for each tax period and the need to check the accuracy of all data entered during the submission process.
Businesses can make their tax payments by visiting the FTA's website, select e-services, click on the "VAT" tab, access the tax return form, complete the form and then send it in by clicking "submit". They can then make the due payment through the "My Payments" tab, Mr Al Bustani said.
Tax payments can be made through a wide network of banks, exchange offices and finance companies operating in the UAE, he said.
Indoor cricket in a nutshell
Indoor Cricket World Cup – Sep 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
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Cryopreservation: A timeline
- Keyhole surgery under general anaesthetic
- Ovarian tissue surgically removed
- Tissue processed in a high-tech facility
- Tissue re-implanted at a time of the patient’s choosing
- Full hormone production regained within 4-6 months
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Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
Brief scoreline:
Toss: South Africa, elected to bowl first
England (311-8): Stokes 89, Morgan 57, Roy 54, Root 51; Ngidi 3-66
South Africa (207): De Kock 68, Van der Dussen 50; Archer 3-27, Stokes 2-12
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
