UAE Tax Authority Warns Citizens From Unreliable Sources of Information About VAT

Press release

Published January 7th, 2018 - 08:10 GMT

The FTA emphasizes on the importance of referencing and checking accurate sources of information.

The Federal Tax Authority (FTA) calls on citizens and residents to be wary of uninformed and unreliable sources of information who are circulating misleading information around the introduction of VAT in the country.

The FTA emphasizes on the importance of referencing and checking accurate sources of information, such as the statements issued by the Ministry of Finance and the Federal Tax Authority; through the FTA’s official website: www.tax.gov.ae and through the official social media account handle, @uaetax..

The FTA’s official website is continuously updated with comprehensive, detailed and accurate information and answers to tax related questions and inquiries in the UAE.

Background Information

Federal Tax Authority

By virtue of this Federal Law by Decree a public federal authority shall be established under the name of the Federal Tax Authority. The headquarters of the authority shall be located in the city of Abu Dhabi. The authority shall be in charge of managing and collecting federal taxes and related fines, distributing tax-generated revenues and applying the tax-related procedures in force in the UAE.

The authority shall be managed by a board of directors chaired by the Minister of Finance and a sufficient number of members to be appointed and remunerated by a Cabinet resolution, based on the chairman’s nomination. The authority shall have an independent annual budget that shall be deemed as public funds and exempted from all taxes and fees.