• From: Pakistan, Karachi
  • Registered: 03/03/2015
  • Posts: 654

Topic: Need to Know UAE FTA Requirements

Dear all UAE members here specially @rafat,

Can you please explain the FTA requirements by UAE authorities for any accounting solution? Is there any defined report/format?

Does FA fulfil those requirements or we need to do some modifications?

www.boxygen.pk

boxygen's Website

2 Reply by rafat (edited by rafat 02/18/2021 08:57:03 am)

  • rafat
  • Senior Member
  • Offline
  • From: UAE, Dubai
  • Registered: 11/28/2017
  • Posts: 550

Re: Need to Know UAE FTA Requirements

@boxygen
Like all government tax authorities requirements are published in:

https://www.tax.gov.ae/en/tax-support/tax-accounting-software-vendors/how-to-become-a-software-vendor

It has detailed requirements of what is needed to become an approved vendor. As of today its not an absolute requirement to use SOFTWARE to file in VAT. This will become mandatory in the near future.

https://www.tax.gov.ae/en/tax-support/tax-accounting-software-vendors/accredited-accounting-software-vendors

Will list some of the approved vendors.

FA as it stands today needs some modifications to meet the FTA (Federal Tax Authority) requirements.

Post's attachments

requirement-document-for-tax-accounting-software.pdf 863.8 kb, 5 downloads since 2021-02-18 

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rafat's Website

  • From: Pakistan, Karachi
  • Registered: 03/03/2015
  • Posts: 654

Re: Need to Know UAE FTA Requirements

Thanks a lot for this detailed information.

www.boxygen.pk

boxygen's Website

4 Reply by rafat (edited by rafat 01/31/2022 02:00:52 pm)

  • rafat
  • Senior Member
  • Offline
  • From: UAE, Dubai
  • Registered: 11/28/2017
  • Posts: 550

Re: Need to Know UAE FTA Requirements

Corporate tax is coming to the UAE

https://www.reuters.com/markets/rates-bonds/uae-introduce-federal-corporate-tax-business-profits-june-1-2023-2022-01-31/

Basically its 9% on business profits for companies making more than $102K of profits. I wonder if FA can be tweaked to handle this,  or this type of Tax is out of FA scope.

Any Ideas?

rafat's Website

  • From: India, TN, Karur
  • Registered: 05/16/2014
  • Posts: 1,195

Re: Need to Know UAE FTA Requirements

Currently  these kind of  taxation is out of scope. But you can make some  tax function  customization to make it work for you.

@joe consider checking the fact.  If it's really useful for others, will take it to update. Try a poll for this  taxation and get user opinion  and we will proceed it.

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