Background
The Federal Tax Authority (FTA) issued Decision No 4 of 2024 (effective from 1 July 2024) amending the FTA’s policy on issuing clarifications and directives (the ‘Decision’).
Article 4 of the Federal Decree-Law No 13 of 2016 on the Establishment of the Federal Tax Authority and its amendments specifies the powers granted to the FTA, wherein it is stated that the FTA shall have jurisdiction over the administration, collection and enforcement of the federal taxes and relevant penalties, to distribute their revenues and to apply the tax procedures applicable in the UAE.
One of the jurisdictions is “issue directives and clarifications necessary for Taxpayers with regard to the limits of their obligations related to the Federal Taxes and Relevant Penalties in accordance with the mechanisms decided by the FTA’s board of directors.”
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