The Federal Tax Authority (FTA) has urged businesses to submit their tax returns by September 30.
In a statement issued on Wednesday, FTA called on businesses registered in the Value Added Tax (VAT) system whose Tax Period ended on August 31, 2018, to submit their Tax Returns as soon as possible and not wait until the deadline to avoid any delays.
“It is important for registered businesses to verify their tax periods and their deadlines for submitting tax returns and settling due taxes by accessing the e-Services portal on the FTA website: eservices.tax.gov.ae. Businesses whose Tax Period ended on August 31, 2018, can submit their returns immediately and then settle their due taxes before the deadline. The two steps are not required to be fulfilled simultaneously.”
The past few days have witnessed an increase in the number of Tax Returns submitted – and due taxes settled – by registered businesses whose tax period ended on August 31, 2018. This reflects the increased tax awareness among businesses as the VAT systems marks more than 8 months of being implemented.