Federal Taxation is intensifying its programs to increase regulatory awareness of the tax system

Media In – Sharjah March 4, 2018

 The Federal Tax Authority has intensified its training programs to increase awareness of the UAE tax system in the field of inspection and control in the economic departments and other concerned authorities in the UAE as part of the efforts to strengthen the supervision of markets and ensure consumer protection.
In a press release issued today, the Federal Tax Authority said that during the training workshop held by the Department of Economic Development in Sharjah, the participants responded to the inquiries of the participants, most of which focused on the mechanisms of applying VAT and taxable, The tax registration number, the tax return on goods and services, the tax refund system paid by them during their visit to the UAE, and the legal standards for dealing in free zones and zones Selected.
The representative of the Authority explained that there are criteria that must be met in any tax invoice. The taxpayer must issue an original copy of the tax invoice and hand it over to the recipient or receiver. The tax invoice must contain the words “tax invoice” and the name and address of the registrar The name and address of the recipient or recipient and his / her tax registration number if registered, and must include a serial number for the tax invoice or a special number. The tax invoice can be specified and arranged in a billing package, Release date, and date of supply if different from the date of invoice issuance
Representatives of the Commission stated that simplified invoices could be provided with basic information if the value of purchases was less than 10,000 dirhams or if the buyer was an individual who was not taxable and did not want a tax bill