Latest news with #3.9m
News.com.au
30-04-2025
- Entertainment
- News.com.au
Inside The Block's biggest losers' budget comeback
After losing big on The Block, Dylan and Jenny have swapped high-end heartbreak for a renovator on the Gold Coast. The fan-favourite couple made headlines for copping one of the most brutal blows in the history of the hit TV show, walking away with nothing after their house was passed in on auction night. It remained on the market for nearly six months before finally selling for $3.9m — $180,000 below the original reserve. The Season 18 contestants didn't fare much better off-screen, with the Palm Beach dream home they had started before joining The Block also failing to sell in 2023. Welcoming their first child, Billy, in August last year, the energetic couple changed tack, keeping the luxury Palm House as their family home and investing instead in a 1990s-era holiday unit at Coolangatta for their next project. Priced at $920,000, the two-bedroom, two-bathroom fixer-upper was snapped up for less than the suburb's median unit price of $1.05m. The north-facing apartment on Dutton Street was marketed by LJ Hooker Southern Gold Coast agent Erin King. Dylan Adams and Jenny Heath-Adams said they were planning to bring a 'Modern-terranean' aesthetic to the property, which last changed hands for $380,000 in 2013. 'Since wrapping up our Palm House build, we've been itching to take on another project — but client work has kept up busy,' said the couple, who juggle new parenthood with running their construction business. Their plans include replacing the poky kitchen's outdated yellow-and-blue cabinetry with Taj Mahal stonework, a galley-style layout, and custom-designed rangehoods with contemporary lighting. Aussie demolition hotspots revealed Tweak that could unlock 400k homes Jamie Durie reveals favourite dream home feature French doors will connect internal and external living areas, with multiple outdoor zones to be created, including a freestanding pergola with feature rafters, battens and cascading vines, along with a rendered barbecue area. Ms King said the courtyard property within the Sunrise Sea complex was located just 200m from Coolangatta's retail strip and 400m from the beach. 'Dylan and Jenny know the appeal of the southern end of the Coast having completed other successful projects in Palm Beach,' she said. 'With the Dutton Street property, they recognised its proximity to shops, Coolangatta and Kirra beaches. 'They were also taken with the potential of the outdoor area and are going to create a space that really takes advantage of the southern Coast's lifestyle.'
Zawya
19-02-2025
- Business
- Zawya
New digital technologies improve tax compliance as FTA increases inspection visits to nighty three thousand in 2024
11M illegal tobacco packages without 'digital tax stamp' and 3.9m excise beverages seized and confiscated in 2024 for non-compliance Abu Dhabi: In efforts that support the protection of consumer rights, the Federal Tax Authority (FTA), in cooperation with the relevant authorities, stepped up its implementation of control plans, in 2024, the aim being to combat tax evasion and increase the level of tax compliance, across the UAE. In 2024, the FTA carried out nighty three thousand field inspection visits in all seven emirates of the UAE. This represents a significant annual increase of 135.22%, compared to the forty thousand field visits in the previous year. In today's announcement, the FTA outlined that control campaigns, conducted in 2024, resulted in the seizure and confiscation of 11 million packages of non-conforming tobacco products that did not bear 'digital tax stamps'. A further 3.9 million packages of other excise goods, including soft drinks, energy drinks and sweetened beverages were also seized, over the same period. The total value of tax dues and associated fines seized during inspection visits in 2024 exceeded AED 348 million, indicating that effective market surveillance contributed to the detection of many establishments that were in violation of tax laws, with registration notices issued to offending establishments. His Excellency Khalid Ali Al Bustani, Director General of the Federal Tax Authority, said: "The FTA is intensifying its regulatory efforts to monitor taxpayers' compliance with tax laws across all their transactions. Of course, this combats tax evasion, but it also protects consumers from the smuggling of counterfeit excise products that do not meet the quality standards adopted in the UAE. For this reason, we will continue to intensify the Authority's awareness campaigns to encourage and assist taxpayers in self-compliance. "The adoption of the latest digital technologies has greatly contributed to improving the level of tax compliance and increasing the efficiency of our control operations. In addition to adopting new technologies to track, inspect and monitor smuggled and non-compliant products, the FTA's strategic partnerships with government and private sector stakeholders are the other key factors in improving the level of tax compliance. These partnerships result in increasing the effectiveness of market control and raising tax awareness on the business sector and community levels,' His Excellency added. His Excellency further explained that the 'digital tax stamp', which the FTA introduced more than six years ago, is an effective solution to tackle tax evasion, and facilitates inspection and control operations at customs ports and markets. At the same time, it prevents the sale of products that do not meet tax requirements. These stamps, known as digital stamps, are placed on tobacco product packages and are registered in the FTA's database. Each stamp contains electronically registered information that can be read by a special device, confirming the tax payment on these products. About: The Federal Tax Authority was established by Federal Decree-Law No. (13) of 2016 to help diversify the national economy and increase non-oil revenues in the UAE through the management and collection of federal taxes based on international best practices and standards, as well as to provide all means of support to enable taxpayers to comply with the tax laws and procedures. Since its inception in 2017, the FTA has been committed to cooperate with the competent authorities to establish a comprehensive and balanced system to make the UAE one of the first countries in the world to implement a fully electronic tax system that encourages voluntary compliance, with simple procedures based on the highest standards of transparency and accuracy – beginning from registration, to the submission of tax returns, to the payment of due taxes through the Authority's website:
