Dubai: The Federal Tax Authority (FTA) organised the second Tax Agents Forum of 2023, which brought together 204 accredited tax agents along with several officials. The Forum is part of FTA’s continuous communication plan to introduce its strategic partners to the latest developments in the tax sector.
Ms. Zahra Al Dahmani, Director of Taxpayer Services at the FTA, urged Tax Agents to intensify their efforts in collaboration with the Authority as well as assist tax payers in ensuring tax compliance, especially during this critical stage with the implementation of the Corporate Tax Law since June 1, 2023.
Ms. Al Dahmani reaffirmed the FTA’s commitment to organising regular awareness meetings with all stakeholders in the government and private sectors to introduce its latest programmes and initiatives.
The Director noted that “the number of accredited tax agents is constantly increasing, in parallel with the ongoing expansion of the taxpayer base. This provides greater options for those who choose to deal with the authority through tax agents, which, in turn, serves to increase tax compliance rates.”
FTA representatives gave a detailed presentation during the forum, highlighting the compliance requirements and procedures for the corporate tax law and the criteria for determining taxpayers subject to the law. They also presented topics such as taxable income, tax rates, tax periods, facilities offered for startups and small businesses, corporate tax in free zones, facilities for business restructuring and for tax losses, transitional provisions, and provisions for tax groups, among other topics that facilitate compliance with the corporate tax law.
Additionally, the FTA experts discussed the various services provided through the EmaraTax digital tax services platform, which allows for carrying out registration procedures, filing tax returns, and paying due taxes with clear and easy steps. Furthermore, the Forum provided a detailed explanation of the conditions, regulations, and procedures for registering and renewing registration for tax agents, highlighting the latest updates to the Executive Regulations for the Law on Tax Procedures.