UAE’s Federal Tax Authority to Broaden the use of Tax 10 Platform
2 min
As part of the ‘UAE Innovates 2024’ initiative occurring throughout February, the Federal Tax Authority (FTA) has entered a partnership with the 01GOV Platform to expand the application of its Tax 10 platform.
Launched in the previous year, Tax 10 was developed by the Authority to foster innovation, enhance excellence, and stimulate professional inventiveness among its workforces. The goal is to improve service offerings, contribute to sustainable growth in both organizational and personal performance levels, and cultivate an innovative culture.
This collaboration underscores the FTA’s commitment to contributing to the ‘UAE Innovates 2024’ initiative during its month-long execution. It seeks to foster collaborative efforts among different government bodies, regional academic establishments, and tax agencies to boost innovation within the public sector and demonstrate how cutting-edge technology can be utilized to enhance government operations.
Khalid Ali Al Bustani, the FTA’s Director-General, emphasized the organization’s dedication to strengthening strategic alliances with various stakeholders to nurture an innovative ethos and empower community members. This effort aims to create forums for experts to share and learn from best practices and insights in leveraging technology in government taxation services.
Al Bustani highlighted the partnership with 01GOV Platform as a critical move towards launching innovative projects that anticipate future needs, helping the FTA achieve its strategic objectives and adapt swiftly to global trends in governmental innovation. This collaboration is a step towards realizing a comprehensive digital transformation in line with the UAE’s national strategy.
Additionally, Jassim Al-Haddad, head of the FTA’s InnoVATion Team, detailed how the expansion of the Tax 10 platform will enhance regional collaboration by offering licenses to tax authority representatives in the GCC and support sectors such as education and government by providing UAE university and government representatives, along with community members, with access to the platform through 100 licenses for a six-month period.
The Tax 10 platform, a pioneering initiative in the MENA region, delivers extensive content on government innovation, carefully chosen by the FTA over time. It showcases global best practices in taxation, supports innovation leaders with specialized digital resources and tools, and documents the FTA’s achievements in digital format.
Developed with the latest technology and intelligent systems, the Tax 10 platform is designed to engage FTA employees actively in the creation and development of future tax initiatives and improvements in the Authority’s operational and service frameworks. It features a digital observatory with over 3,000 global government innovation practices across 15 sectors, such as taxation, financial innovation, government operations, and future capabilities.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Compliance with these deadlines is crucial to avoid administrative penalties.
2 min
The UAE’s Federal Tax Authority (FTA) is urging Corporate Taxpayers to adhere to submission deadlines to avoid fines. Specifically, Resident Juridical Persons with licenses issued in May (regardless of the year) must submit their Corporate Tax registration applications by July 31, 2024, in line with Federal Tax Authority Decision No. 3 of 2024.
This decision aligns with the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses and its amendments, effective from March 1, 2024. The FTA stresses the importance of meeting these registration deadlines, which have been communicated through various media channels and direct outreach to registered company owners in the UAE.
Utilizing the EmaraTax Platform
Compliance with these deadlines is crucial to avoid administrative penalties. The deadlines apply to both juridical and natural persons, including Resident and Non-Resident Persons in the UAE. Detailed information on these deadlines and other relevant issuances can be found on the FTA’s official website.
According to the FTA’s Public Clarification, Resident Juridical Persons established or recognized before March 1, 2024, must submit their tax registration applications based on the month their license was issued. Those with expired licenses as of March 1, 2024, should submit their applications based on the original issuance month. For those holding multiple licenses, the earliest issuance date applies.
Administrative penalties for corporate tax violations have been in effect since August 1, 2023. To facilitate the registration process, taxpayers must use the “EmaraTax” digital platform, available 24/7, or seek assistance from accredited tax agents and government service centers.
The FTA has also emphasized the importance of providing accurate information and submitting updated supporting documents correctly with the electronic registration application, noting that registering for Corporate Tax for a juridical person requires uploading various documents, including the commercial license, the Emirates ID card, the passport of the authorized signatory, and proof of authorization for the authorized signatory.
A comprehensive video explaining the registration process through the “EmaraTax” platform is available on the FTA’s website. This platform, designed according to international best practices, aims to streamline the registration journey, submission of periodic returns, and payment of due taxes for all UAE taxpayers.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
