What is Federal Tax Authority in UAE?
FTA stands for UAE Federal Tax Authority. It is the government agency responsible for administering, collecting and enforcing federal taxes and related fines, as well as the distribution of tax revenues and application of tax-related procedures in the UAE. The Federal Tax Authority in UAE was established under federal law by Decree No. 13 of 2016.
What is the UAE VAT declaration?
At the end of each taxable period, VAT Registration UAE businesses are required to file a VAT return with the federal tax authorities.
A VAT return summarizes the earned value of supplies and purchases of a VAT registered business during the tax period and shows the VAT liability of the business.
VAT liability is the difference between the production tax (VAT on the supply of goods and services) payable in a given tax period and the input tax (VAT on purchases) recoverable in the same tax period. If the output tax exceeds the input tax amount, the difference must be paid to the UAE Federal Tax Authority. If the input tax exceeds the input tax, the VAT registered business is subject to excess input tax. You have the right to set off this against subsequent payments to the federal tax authorities.
How do I pay my FTA taxes online?
Once your business is registered with the Federal Tax Authority’s online portal, you can pay your outstanding taxes online using multiple options available on the portal. Businesses must pay the full amount of the tax to the UAE federal tax authorities by the due date to avoid penalties. You can pay using the following methods:
- eDirham or credit card
- Local bank transfer
- international bank transfer
How do I contact the FTA?
The Federal Tax Administration (FTA) welcomes all queries and requests through various communication channels. You can contact the FTA using any of the channels below. Dedicated phone number call center: 600599994. Find agents to answer your questions and requests.
Emailing email@example.com is the second option. You will usually receive a response within two business days at the latest.
You can also use the FTA Portal contact form by clicking https://tax.gov.ae/en/contact.us.aspx. You will receive a reply within a maximum of 2 business days.
Support is accessible during business days/hours of Emirates Property Investment Company Building, P.O. Box 2440, Abu Dhabi, United Arab Emirates.
What is the VAT rate in the United Arab Emirates?
A 5% VAT rate applies to goods and services in the United Arab Emirates. VAT-registered businesses in the United Arab Emirates are responsible for paying 5% VAT. Most supplies in the United Arab Emirates are subject to a 5% VAT rate, with certain specific products or services, and certain types of supplies classified as exempt and zero rate.
How can TallyPrime help me?
Whether you are a legal entity or a natural person, TallyPrime makes it easy for you to manage your UAE VAT VAT requirements. From generating VAT compliant invoices to filing returns, TallyPrime includes everything you need to be VAT compliant while you focus on growing your business.
With built-in error detection and correction, you can always submit accurate VAT returns. Depending on the location of your business, you can record your transactions with the relevant tax for the specified zone.
With over 30 years of market experience and trusted by over 2 million businesses worldwide, TallyPrime supports your business with integrated features such as:
- VAT rate setup makes setting up your tax details easy and fast
- Issue VAT-compliant invoices
- Easily manage reverse charge transactions with full visibility of reserved and unreserved liabilities
- Use the Pre-Receipt Report to account for and manage pre-receipt VAT
- Generate audit files as required by the Federal Tax Administration (FTA) with the click of a button.
- Create an accurate VAT return