UAE Eases First VAT Filing Deadlines
by Lorys Charalambous, Tax-News.com, Cyprus
23 January 2018
The UAE's Federal Tax Authority (FTA) has changed the deadline for firms preparing to file a VAT return for the first time.
Under the UAE's VAT law, VAT returns were required to be filed with the FTA within 28 days of the end of the tax period, which is quarterly for businesses with an annual turnover below AED150m (USD40,844), and monthly for businesses with an annual turnover of AED150m or more.
Certain businesses that were due to submit their returns during the first two months of the year (following the introduction of the levy on January 1) have been granted an extension. Director General of the FTA, Khalid Al Bustani stated: "The tax period for some businesses will, therefore, be four months, and five months for other businesses while businesses with a three-month tax period ending in March will not be affected by the amendments."
The FTA said guidance has been released for taxable persons via the eServices portal of the Federal Tax Authority's website.
To see today's news, click here.
Tax-News Reviews

A review and forecast of Cyprus's international business, legal and investment climate.

A review and forecast of Malta's international business, legal and investment climate.

A review and forecast of Jersey's international business, legal and investment climate.

A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- stockpiling paper »
- Hong Kong Business and Work Culture: All you need to know »
- prospects looking rosy »
- The Diamond Industry in UAE »
- Brexit Ramifications For Ireland »
- Easy guide to starting a home-based business in Ohio »
- unintended consequences »
- Basic Guide to Set up a Home Based Business in Hong Kong »
- Life's never simple »
- Licensing options for payment service provider in UAE »