UAE Federal Tax Authority Urges Tax Registrants to Ensure Confidentiality of Their Data
The Federal Tax Authority (FTA) asserted that it has not authorised any third-party entity to request personal or corporate financial or accounting data from businesses registered with the Authority for tax purposes.
There have recently been several instances where companies have reached out to Taxable Persons requesting their registration data, the Authority explained.
In a statement issued today, the FTA called on all registrants to be cautious and maintain the confidentiality of their personal information, stressing that in the event they are contacted by any entity requesting financial or accounting data, registered businesses must first verify that this entity has been formally authorised by the Federal Tax Authority.
The Authority reaffirmed that registering for taxes, filing tax returns and other electronic services are available, free of charge, on the e-Services portal of its website: www.tax.gov.ae, and can be done in a few simple steps. The FTA website is designed in accordance with international best practices to facilitate all tax-related processes using advanced technology, in addition to providing accurate and reliable information and guidance to enhance tax awareness among members of society.
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.
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