UAE's FTA Extends Deadline For VAT Filings, Payments
The UAE’s Federal Tax Authority (FTA) has given an alternative date – ‘on an exceptional basis’ – of May 28 for businesses to file their VAT returns and pay any due tax in light of restrictions imposed to combat the spread of Covi-19, authorities have announced.
The move is valid for the tax period beginning on March 1 and ending March 31.
In a statement, the FTA said that VAT registrants who have monthly tax periods must submit their returns and settle their payable tax no later than Thursday, May 28.
VAT registrants with quarterly tax periods must still submit their returns and settle payable taxes for the period from January 1 to March 31 on the same date.
No other tax periods are affected by the measure, the FTA statement said.
The FTA is urging registrants to ensure that the data they include in VAT returns is accurate.
All FTA services can be accessed remotely.
UAEs Maseera Acquires Egyptian Fintech ADVA
The move marks a critical milestone in Maseera’s regional expansion strategy Read more
Oman Mandates IBAN For Domestic Transfers From July 2025
The move follows the Oman Central Bank's implementation of the IBAN system for international transfers from March 31, 2... Read more
Egypt And Jordan Thank The European Parliament For New Financial Aid
The European Union members recently approved loans worth $4.4 billion in three instalments to Egypt and $555 million to... Read more
Standard Chartereds SC Ventures To Replicate Asia, Africa SME Model In GCC
SC Ventures to bring its successful SME building strategy in India, South East Asia and Africa to GCC, and plans to rol... Read more
UAE Central Bank Revokes Licence Of Dynamics Insurance Brokers For Regulatory Breaches
Dynamics Insurance Brokers "failed to comply with the licensing terms and requirements issued by the Central Bank and w... Read more
Eid Al Fitr Holidays In The GCC; Dubais 100 Most Influential People; UAE Petrol Prices To Change; Royal Baby Announced – 10 Things You Missed This Week
Eid holidays, the Dubai 100, UAE petrol prices, Royal Baby named, Palm Jebel Ali investments and more top news stories ... Read more