Dubai Eye 103.8

On Air Now
The Agenda
10:00am - 1:00pm

Listen To Dubai Eye

UAE extends deadline for tax returns

Wednesday, 15 April 2020 07:15

By Sanooj Sherif

iStock

The deadline for filing excise tax returns in the UAE has been extended by a month.

According to the Federal Tax Authority (FTA), May 17 is the new deadline for settling the total amount for March and April.

Applicants will have to file two separate returns for the two months.

The FTA’s latest decision takes into consideration the movement restrictions imposed on individuals and vehicles.

It’s also clarified that it will continue providing all its services remotely.

Federal Tax Authority Announces Exceptional Extension of Tax Period for Excise Tax Registrants in Light of the 24-Hour Movement Restriction in Some Areas pic.twitter.com/ZqFBJYutOV
— Federal Tax Authority - الهيئة الاتحادية للضرائب (@uaetax) April 14, 2020

More from Business

UAE and Costa Rica sign economic partnership deal

The UAE and Costa Rica have signed a Comprehensive Economic Partnership Agreement (CEPA) to improve bilateral trade and investment ties, President His Highness Sheikh Mohammed bin Zayed Al Nahyan said on Thursday.
Dubai-based Telegram app to hit 1 billion users 'within a year'

The Telegram messaging app, one of the most popular social media platforms, will likely cross one billion active monthly users within a year as it is spreading like "forest fire", its billionaire founder Pavel Durov said on Tuesday.
Microsoft invests $1.5 billion in Abu Dhabi AI company G42

G42, the leading UAE-based artificial intelligence (AI) technology holding company, has announced a $1.5 billion investment from Microsoft to strengthen it's expansion into new markets across the globe.
Spinneys announces intention to float on Dubai Financial Market

Spinneys Holding has announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market.
DXB remains world's busiest international airport

Dubai International Airport (DXB) has been ranked the world's busiest hub for international passengers for a tenth consecutive year.

Coming Up on Dubai Eye

Entertainment Extra
1:00pm - 2:00pm
Afternoons with Helen Farmer
2:00pm - 5:00pm

Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

BUSINESS BREAKFAST LATEST

Is there a summer slowdown in the UAE property market?
John Lyons of Espace Real Estate says there is a slight slowdown in the property market during summer. So we asked him, does this mean prices are negotiable during the summer months?
UAE's new prosecution offices to deal with financial crime
Lawyer Rebecca Kelly of Clyde & Co. explained why UAE judicial authorities are setting up new offices to deal with financial crime, including money laundering.
Airalo
Airalo - an eSim company disrupting telco's roaming revenues, has raised $60 million in funding including investment from our own e&.

On Dubai Eye

Flying Taxis
It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.
Tough penalties for deliberate tax evasion
The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.