Latest news with #AlBustani
Arabian Business
10-04-2025
- Business
- Arabian Business
UAE tax authority launches new Moáther package to support influencer tax compliance
The Federal Tax Authority (FTA) has conducted an awareness session for content creators and influencers on tax compliance in the UAE . The session, held in collaboration with the UAE Media Council and with representatives from the New Media Academy in attendance, forms part of the FTA's broader efforts to highlight tax compliance requirements. During the session, the FTA stressed the need to enhance knowledge of tax procedures among all taxpayers as part of a comprehensive awareness plan, according to a statement by the Emirates News Agency (WAM). UAE enhances tax awareness The authority aims to support business sectors by providing them with tools for self-compliance with UAE tax legislation. 'We are pleased to collaborate with the UAE Media Council in organising this important awareness session, which comes as part of the FTA's ongoing engagement with content creators and influencers across numerous awareness campaigns and programmes, all of which enable them to understand tax obligations – for themselves, as well as for relaying information to their audiences,' Khalid Ali Al Bustani, Director-General of the FTA said. The event also saw the announcement of the Moáther Package, which Al Bustani described as 'designed to meet the needs of content creators and influencers' with 'innovative solutions and accounting software developed in collaboration with our partners to support creators and influencers in achieving tax compliance flexibly and conveniently.' Al Bustani highlighted the vital role of influencers in spreading knowledge about tax culture, noting that many have been 'key partners in the success of many awareness campaigns over the past few years.' Khalid Ali Al Bustani, Director-General of the FTA The FTA works with stakeholders to promote voluntary compliance through methods based on international best practices, aiming to ensure smooth tax enforcement aligned with the country's aspirations for a transparent and sustainable tax system. 'Empowering content creators and influencers with legislative and tax knowledge is a pivotal part of our shared vision to build a sustainable media sector that is compliant with its tax responsibilities. Such efforts help us keep pace with rapid digital transformations and enhance our commitment to corporate standards,' Mohammed Saeed Al Shehhi, Secretary-General of the UAE Media Council said. Al Shehhi called the session 'a qualitative step that contributes to raising professional awareness and consolidating the culture of compliance and responsibility among content creators in the UAE,' reflecting 'the close integration between media legislation and the tax system in the UAE.' 'Today, the content economy is one of the main pillars of the new media sector, and it is essential to equip those working in this field with the necessary legal and tax knowledge to ensure the continuity of their business within the legislative and legal frameworks adopted in the UAE. This session is a practical platform to expand their understanding of the tax system and simplify tax compliance procedures,' he added. The session included questions from content creators, with FTA team members explaining tax obligations for achieving full compliance.
Khaleej Times
09-04-2025
- Business
- Khaleej Times
UAE: Federal Tax Authority launches package for content creators and influencers
The Federal Tax Authority (FTA), in collaboration with the UAE Media Council, on Wednesday launched the Moáther Package, designed to meet the needs of content creators and influencers. 'This package includes innovative solutions and accounting software developed in collaboration with our partners to support creators and influencers in achieving tax compliance flexibly and conveniently,' said Khalid Ali Al Bustani, Director-General of the FTA. The FTA and the UAE Media Council held an awareness session for content creators and influencers on the topic of tax compliance in the UAE. These sessions are part of the FTA's ongoing and wider efforts to highlight tax compliance requirements for corporate tax and VAT, in the UAE and companies eligible to pay UAE federal taxes. 'At the FTA, we believe in the vital role of influencers in spreading knowledge about tax culture. Many have already been key partners in the success of many awareness campaigns over the past few years and have partnered with the FTA to deliver tax messages to the community in innovative ways, reaching different audiences across multiple platforms with simple language,' Al Bustani added. During this session, the FTA emphasised the importance of enhancing knowledge of tax procedures for all taxpayers, as part of a comprehensive awareness plan that aims to raise tax awareness among all segments of society. Such efforts are also part of the FTA's commitment to support all business sectors and give them access to the tools to enable self-compliance with UAE tax legislation, ensuring business continuity and sustainable growth. Al Bustani said: 'We are pleased to collaborate with the UAE Media Council in organising this important awareness session, which comes as part of the FTA's ongoing engagement with content creators and influencers across numerous awareness campaigns and programmes, all of which enable them to understand tax obligations – for themselves, as well as for relaying information to their audiences. The FTA, in cooperation with various stakeholders, endeavours to spread tax culture among all taxable groups and facilitate the understanding of relevant legislation and procedures to promote voluntary compliance through simplified and effective methods based on international best practices. This helps ensure smooth and accurate tax enforcement, in line with the country's aspirations to establish a transparent, fair and sustainable tax system. Mohammed Saeed Al Shehhi, Secretary-General of the UAE Media Council, said: 'Empowering content creators and influencers with legislative and tax knowledge is a pivotal part of our shared vision to build a sustainable media sector that is compliant with its tax responsibilities. Such efforts help us keep pace with rapid digital transformations and enhance our commitment to corporate standards.' He also indicated that organising a specialised awareness session on tax compliance in cooperation with the Federal Tax Authority is a qualitative step that contributes to raising professional awareness and consolidating the culture of compliance and responsibility among content creators in the UAE, noting that this step reflects the close integration between media legislation and the tax system in the UAE, which ensures an integrated regulatory environment that supports the sustainable professional growth of the media sector and enhances its ability to attract investment. Al Shehhi added: 'Today, the content economy is one of the main pillars of the new media sector, and it is essential to equip those working in this field with the necessary legal and tax knowledge to ensure the continuity of their business within the legislative and legal frameworks adopted in the UAE. This session is a practical platform to expand their understanding of the tax system and simplify tax compliance procedures.' The Secretary-General of the UAE Media Council further emphasised that the Council is committed to expanding partnerships with relevant federal entities to enhance the professional awareness of media professionals and enable content creators to fulfil their role as active contributors to the country's economic development. The session itself included enquiries and questions from content creators, with the FTA team on hand to provide a thorough explanation of tax obligations of content creators in achieving full tax compliance. The FTA has previously launched similar awareness workshops, including those to introduce Excise Tax in 2017, VAT in January 2018, and Corporate and Business Tax in June 2023.
Zawya
20-02-2025
- Business
- Zawya
FTA increases inspection visits to 93,000 in 2024
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 ninety-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. 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,' he added. Al Bustani 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.
Gulf Insider
20-02-2025
- Business
- Gulf Insider
UAE Authorities Conducted 93,000 Tax Inspections In 2024
The UAE is clamping down on counterfeit cigarettes and soft drinks as it boosts tax compliance with massive increase in field inspections. 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 ninety-three thousand field inspection visits in all seven emirates of the UAE. This represents a significant annual increase of 135.22 per cent, compared to the forty thousand field visits in the previous year. The FTA outlined that control campaigns, conducted in 2024, resulted in the seizure and confiscation of 11m packages of non-conforming tobacco products that did not bear 'digital tax stamps'. A further 3.9m 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 AED348m ($95m), 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. 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'. Al Bustani 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.
Arabian Business
19-02-2025
- Business
- Arabian Business
UAE authorities conducted 93,000 tax inspections in 2024
The UAE is clamping down on counterfeit cigarettes and soft drinks as it boosts tax compliance with massive increase in field inspections. 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 ninety-three thousand field inspection visits in all seven emirates of the UAE. UAE tax inspections This represents a significant annual increase of 135.22 per cent, compared to the forty thousand field visits in the previous year. The FTA outlined that control campaigns, conducted in 2024, resulted in the seizure and confiscation of 11m packages of non-conforming tobacco products that did not bear 'digital tax stamps'. A further 3.9m 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 AED348m ($95m), 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. 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'. Al Bustani 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.
