FTA stands for Federal Tax Authority. This government institution is responsible for collecting federal taxes and fines in the UAE. They are also responsible for the distribution of these taxes for the economic growth of the UAE. This authority was established under Federal Law by Decree No.13 of 2016. It was established by the President of the UAE, His Highness Sheikh Khalifa Bin Zayed Al Nahyan. This authority also instills a culture of voluntary compliance to support financial stability in the country. They are on a mission to increase compliance and tax awareness.
The federal taxes were introduced in the UAE as a part of the GCC initiative to boost economic growth and diversify the economies. In recent years GCC countries experienced a reduction in prices of oil. To enhance the sources of revenue for the economy federal taxes as well as VAT were introduced in the UAE. These taxes were introduced in the domestic legislation by member states.
First of all, it’s necessary to register your business or organization with the Federal Tax Authority through their online portal. You can make the payment on the portal itself through several payment options available. It is recommended to pay the tax timely to avoid any penalties and legal complications.
Here are the payment options to pay federal tax in the UAE:
There are several communication channels available to contact FTA to solve the queries and requests of individuals. You can reach out to them using the following channels:
FTA stands for Federal Tax Authority. This government institution is responsible for collecting federal taxes and fines in the UAE.
You can pay VAT to FTA using number of payment methods including credit card, e-dirham, bank transfer etc.
Administering, collecting and enforcing federal taxes, applying tax procedures efficiently and effectively, and increasing voluntary compliance and tax awareness.
“I was able to implement the platform on my own. It helps in assigning the tasks to other employees, conducting surveys & polls & much more. The ease of use & self-onboarding is something that I would like to appreciate.”